Macfarlanes posts falling financials in first results since LLP conversion
Macfarlanes has announced dips in both revenue and profits per equity partner (PEP) as the City firm become the latest to unveil its 2009-10 financial performance. The firm saw turnover drop by 2% to £92.4m over the year compared with the total of £94.3m taken in during 2008-09. Meanwhile, PEP declined by 4.5% from £744,000 to £710,000, with overall profits dipping by 0.8% to £44.3m.
Macfarlanes has announced dips in both revenue and profits per equity partner (PEP) as the City firm become the latest to unveil its 2009-10 financial performance.
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