Herbies ups bank borrowing as first post-merger LLPs show small revenue drop
Herbert Smith Freehills'(HSF's) bank borrowings grew by 38% for 2012-13, as the firm's UK fee income dipped by 1.6%.
January 24, 2014 at 06:21 AM
2 minute read
Herbert Smith Freehills' (HSF's) bank borrowings grew by 38% for 2012-13, as the firm's UK fee income dipped by 1.6%.
The firm's latest limited liability partnership (LLP) accounts, the first to be filed since legacy Herbert Smith and Australia's Freehills merged in 2012, show that total bank borrowings increased by more than £30m, rising from £80.2m to £110.7m
Meanwhile HSF more than doubled its bank overdraft, with the facility growing from £26m to £62.7m during the year.
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.
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3'That's Disappointing': Only 11% of MDL Appointments Went to Attorneys of Color in 2023
- 4What We Know About the Kentucky Judge Killed in His Chambers
- 5'I'm Staying Everything': Texas Bankruptcy Judge Halts Talc Trials Against J&J
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