‘Prudent’ SJ Berwin holds back profits to protect short-term funding
SJ Berwin has not paid out any quarterly profit distributions to partners since last November, Legal Week has learned.
2 minute read
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https://www.law.com/international-edition/2009/09/03/sj-berwin-delays-quarterly-profit-payments-for-partners/
SJ Berwin delays quarterly profit payments for partners
SJ Berwin has not paid out any quarterly profit distributions to partners since last November, Legal Week has learned. The top 20 firm, which saw profits per equity partner fall by nearly 50% during 2008-09 to £410,000, made its last quarterly distribution in November 2008, with the following three quarterly payments owed to partners remaining unpaid.
September 03, 2009 at 04:34 AM
1 minute read
The original version of this story was published on Legalweek
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