SJ Berwin owes its partners around £18m in unpaid profit distributions, with the firm intending to pay back the entire sum once the markets pick up. The UK top 20 law firm's management recently confirmed to partners the total figure it has held back from them in unpaid quarterly distributions since November 2008 and assured them that it will pay back the full amount.
February 24, 2010 at 07:04 PM
1 minute read
The original version of this story was published on Legalweek
SJ Berwin owes its partners around £18m in unpaid profit distributions, with the firm intending to pay back the entire sum once the markets pick up.
The UK top 20 law firm’s management recently confirmed to partners the total figure it has held back from them in unpaid quarterly distributions since November 2008 and assured them that it will pay back the full amount.
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