Hogan Lovells LLPs detail firm's flat performance amid tough market
Hogan Lovells saw profit before tax decrease by 7% in in the year to 30 April 2012, against a slight growth in revenue, according to accounts filed for the firm's UK LLP. Documents filed on Companies House yesterday (5 February) show a 1.5% increase in revenue to £591m, which the firm attributed to a 1.2% growth in capacity. Staff costs increased by less than 1% to £240m, while operating expenses soared 18% from £122m to £145m, which the firm partly attributed to future costs relating to surplus office space.
Hogan Lovells saw profit before tax decrease by 7% in in the year to 30 April 2012, against a slight growth in revenue, according to accounts filed for the firm’s UK LLP.
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