HSF Restarts Partner Distributions Despite Profits Fall
The firm's profits per equity partner fell nearly 10% while revenue nudged up slightly.
July 29, 2020 at 06:58 AM
4 minute read
Herbert Smith Freehills London office.The firm's profit slipped 7.7% to £283.2 million, while profits per equity partner fell 9.7% to £857,000. The firm had grown the metric by double digit percentages in the previous two financial years.
Revenue, meanwhile, increased by 2.5% in the 12 months to April to hit £989.9 million. The increase is smaller than last year, when it grew revenue by 4%.
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