Ashurst accounts shed light on profits dip and cost of firm-wide investments
LLPs show 22% net profit dip after investment in new premises and IT projects
Ashurst saw operating profit drop by more than 20% during 2015-16, after a challenging year in which the firm made significant investment in new premises and IT systems, the firm’s limited liability partnership (LLP) accounts show.
Operating profit fell by 21% from £193.1m to £152.1m, while net profit fell 22% from £186.6m to £144.8m, as revenue dropped 10% from £560.9m to £505.2m.
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