Ashurst accounts: 2009-10 top earner made £1.1m as staff costs edge up
Ashurst's top-earning partner made just under £1.1m last year, according to accounts filed this week with Companies House. The £1.07m figure is 12% higher than the top of Ashurst's standard lockstep for 2009-10, which ranged from £362,000 to £940,000. The reason for the £130,000 discrepancy with the top of the lockstep was increased compensation for departing partners.
February 03, 2011 at 12:29 PM
2 minute read
Ashurst's top-earning partner made just under £1.1m last year, according to accounts filed this week with Companies House.
The £1.07m figure is 12% higher than the top of Ashurst's standard lockstep for 2009-10, which ranged from £362,000 to £940,000. The reason for the £130,000 discrepancy with the top of the lockstep was increased compensation for departing partners.
Ashurst's top-earning partner took home 13% more than last year's equivalent of £931,000. The top 10 City law firm's profit per equity partner last year climbed by 2.4% from £672,000 to £689,000.
The latest limited liability partnership (LLP) accounts also show that, despite a slight dip in the number of legal and support staff from 1,668 to 1,634, staff costs at Ashurst rose by 5% during 2009-10. Having stood at £105m at the end of 2008-09, costs rose to £110m over the year.
The number of members within the LLP also decreased slightly from 195 to 179. The dip comes in the wake of a number of partner departures throughout the year.
Ashurst finance director Nigel Morland commented: "Given the difficult economic climate, it was good still to record a small rise in profit per equity partner. We are also pleased that we continue to operate without any borrowings."
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Simpson Thacher, Kirkland and Latham Maintain Lead in UK Revenue Per Lawyer Rankings
US Firms Rising? The Law Firms with the Largest UK Market Share, 2024
Trending Stories
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
