Maclays boosts partner profits by 20% alongside turnover drop
Maclay Murray & Spens has posted a dip in revenues and a hike in partner profits for 2009-10, in line with the trend seen at many other UK firms this year. The Scottish firm saw profits per equity partner (PEP) rise 20.5% from last year's figure of £220,000 to a new mark of £265,000, while turnover fell by 5.4% to £52.5m, down from the £55.5m taken in during 2008-09. Meanwhile, net profit increased by 15% to £15.2m, up from £13.2m in 2008-09.
Maclay Murray & Spens has posted a dip in revenues and a hike in partner profits for 2009-10, in line with the trend seen at many other UK firms this year.
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