Two more quit BLP's finance team as new boss faces tough job to stem partner exits
Berwin Leighton Paisner's (BLP) finance practice has had something of a revolving door recently, with the announcement of a new practice head last week prompting yet more departures. Since September a total of 13 partners have left BLP – a mix of voluntary and forced moves – with the majority coming out of the finance team. Two more – structured finance partner Lucy Oddy and real estate finance partner Andrew Flemming – are expected to hand in their notice next week. Things started to look precarious when, following months of speculation about a significant drop in profitability, BLP finally revealed its 2012-13 financial results in September. Profit per equity partner (PEP) had plummeted 39% to £401,000, while net profit had fallen 38% to £39.4m.
Berwin Leighton Paisner’s (BLP) finance practice has had something of a revolving door recently, with the announcement of a new practice head last week prompting yet more departures.
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