Travers Smith saw cash reserves drop by more than 40% during the last financial year, according to the firm's first limited liability partnership (LLP) accounts. During 2008-09 the UK top 50 firm saw cash at the bank and in hand drop to £9.6m, down from £16.3m in the previous financial year. Operating profits fell by 44% to £21.3m, while overall profit for the financial year stood at £22.2m.
April 09, 2010 at 10:56 AM
1 minute read
The original version of this story was published on Legalweek
Travers Smith saw cash reserves drop by more than 40% during the last financial year, according to the firm’s first limited liability partnership (LLP) accounts.
During 2008-09 the UK top 50 firm saw cash at the bank and in hand drop to £9.6m, down from £16.3m in the previous financial year. Operating profits fell by 44% to £21.3m, while overall profit for the financial year stood at £22.2m.
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