SJ Berwin has held back quarterly profit distributions due to be paid to partners in February to improve cash flow at the firm. The City firm, which made the previous payment in November in full, confirmed that it had opted to postpone paying partners their most recent profit distribution on the back of a large January tax bill and increased investment internationally. Monthly drawings have been paid as normal.
February 28, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
SJ Berwin has held back quarterly profit distributions due to be paid to partners in February to improve cash flow at the firm.
The City firm, which made the previous payment in November in full, confirmed that it had opted to postpone paying partners their most recent profit distribution on the back of a large January tax bill and increased investment internationally.
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