Herbert Smith's highest-paid fee earner took home almost £1.4m last year, the firm's limited liability partnership (LLP) accounts for 2007-08 have revealed. The figure, which tops 2006-07's highest earnings of £1.04m, comes after a year in which the firm recorded a 26% increase in profits per equity partner, breaking through the £1m barrier to a new mark of £1.03m.The firm - which has changed its financial reporting year to run until 30 April instead of the end of March - reduced its bank overdraft and loans by around 39% from £24.46m on 31 March 2007 down to £14.95m at the end of April 2008.
January 26, 2009 at 08:26 AM
1 minute read
The original version of this story was published on Legalweek
Herbert Smith’s highest-paid fee earner took home almost £1.4m last year, the firm’s limited liability partnership (LLP) accounts for 2007-08 have revealed.
The figure, which tops 2006-07′s highest earnings of £1.04m, comes after a year in which the firm recorded a 26% increase in profits per equity partner, breaking through the £1m barrier to a new mark of £1.03m.
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