City LLPs reveal mixed fortunes for European firms in London
A trio of international firms have filed their London limited liability partnership (LLP) accounts for 2009, revealing differing fortunes for foreign practices in the City. France's Gide Loyrette Nouel saw revenues fall by 51% from £18.3m to £9m in 2009, with UK income contributing just £2.9m, down from £9.4m in 2008. Inbound work from outside of Europe handled by the City office saw a slight increase to £2.1m, with major roles for the firm's London base including acting for the Government of India on its $2.2bn (£1.4bn) initial public offering of the National Mineral Development Corporation.
Gide revenues down 51%, Garrigues turnover up 46%, while Bonelli remains flat
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