LLP Accounts Legal News Coverage

International Edition

SJB LLPs show £20m repayments to partners during last financial year

By Sofia Lind | February 04, 2011

SJ Berwin cleared more than £20m of loans and debts owed to its limited liability partnership (LLP) members during 2009-10, according to the firm's recently-filed accounts. The Companies House filings show that total amounts due to the LLP's members decreased from £21.6m to just £1.1m during the financial year.

3 minute read

International Edition

LG accounts show pay for top earner rose by almost 50% in 2009-10

By Claire Ruckin | February 03, 2011

LG's highest-paid member received £695,000 in 2009-10 - a 46% increase on the previous year's top figure, according to the firm's latest limited liability partnership (LLP) accounts. The Companies House filings reveal that firm's best-paid member took home £220,000 more than the previous year, as profits per equity partner rose 64% to £460,000 alongside an 8% turnover increase. During the year LG reduced its net debt carried forward by 63% to £5.1m, compared to £14m the previous year, while cash at bank and in hand more than tripled to £4.5m, up from £1.3m. The firm's operating profit rose by 32% to £24.6m.

2 minute read

International Edition

Ashurst accounts: 2009-10 top earner made £1.1m as staff costs edge up

By Friederike Heine | February 03, 2011

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.

2 minute read

Legal Week

Mayer Brown City outpaces firmwide financials with 10% revenue hike

By Georgina Stanley | February 02, 2011

Mayer Brown's London office has posted a 10% increase in revenues for the 2010 calendar year. The revenue increase takes the US firm's London turnover to £102m from £93m in 2009, with the growth following a 16% drop in fee income in 2009 from £112m. The result means London has outperformed the rest of the firm, where results were roughly static. Profits per equity partner inched up by 1% to $1.07m (£668,000) with revenue dipping 1% to $1.11bn (£691m) in 2010, having fallen almost 14% in 2009.

22 minute read

International Edition

Mayer Brown City outpaces firmwide financials with 10% revenue hike

By Georgina Stanley | February 02, 2011

Mayer Brown's London office has posted a 10% increase in revenues for the 2010 calendar year. The revenue increase takes the US firm's London turnover to £102m from £93m in 2009, with the growth following a 16% drop in fee income in 2009 from £112m. The result means London has outperformed the rest of the firm, where results were roughly static. Profits per equity partner inched up by 1% to $1.07m (£668,000) with revenue dipping 1% to $1.11bn (£691m) in 2010, having fallen almost 14% in 2009.

3 minute read

International Edition

Watson Farley LLPs show pay for top earner inching up on last year

By Suzi Ring | January 31, 2011

Watson Farley & Williams' highest- paid member took home £1.26m during the last financial year, marginally more than the equivalent figure of £1.23m in 2008-09. The figure is contained within the firm's recently-filed LLP accounts, which also show that turnover for the LLP, which does not include all of the firm's international offices, stood at £56.9m, against £18.4m of profit available for discretionary division between the 60 members.

2 minute read

International Edition

Taylor Wessing LLPs reveal reductions in staff costs and headcount

By Sofia Lind | January 28, 2011

Taylor Wessing cut staff costs by 17% during the last financial year after reducing staff headcount at the firm. The Anglo-German firm's UK limited liability partnership (LLP) accounts for 2009-10 show a drop in total staff costs from £37.4m to £31m. This comes against a 12% reduction in headcount, with total staff numbers dropping from 541 to 476. Support staff numbers fell from 262 to 227 - a drop of 13%. Meanwhile, fee earner numbers dipped by 9% from 258 to 235.

2 minute read

International Edition

Clydes LLPs show rising pay for top earner

By Suzi Ring | January 26, 2011

Clyde & Co saw the average number of members in its limited liability partnership (LLP) increase from 112 to 126 during the last financial year, with the highest-paid member taking home £885,250. Clydes' LLP accounts for 2009-10 show the top earner received nearly 5% more than the firm's highest earner the previous year, who took home £845,467.

2 minute read

International Edition

Hogan Lovells' international LLP set for £40m post-merger revenue boost

By Friederike Heine | January 24, 2011

Hogan Lovells' international partnership is anticipating an increase in revenues of up to £40m a year from legacy Hogan & Hartson's operations outside of the US, according to the firm's limited liability partnership (LLP) accounts. The 2009-10 accounts, recently filed with Companies House, cover the activities of legacy Lovells outside of the US - now Hogan Lovells International LLP. Hogan Lovells maintains two separate profit pools and accounting years, with most operations outside North and South America housed within Hogan Lovells International.

2 minute read

International Edition

CC accounts reveal £41m staff costs savings in wake of restructuring

By Sofia Lind | January 24, 2011

Clifford Chance (CC) reduced staff costs by £41m during 2009-10, after cutting its total headcount by 12% during the extensive firmwide restructuring carried out in the previous financial year. Figures within the firm's 2009-10 limited liability partnership (LLP) accounts, recently filed with Companies House, show that total staff and related costs at the magic circle firm dropped from £576m in 2008-09 to £535m in 2009-10 - a reduction of 7.6%.

2 minute read

TRENDING STORIES

Featured Firms

More from ALM

Resources

TRENDING STORIES

Featured Firms

More from ALM

Resources

Subscribe to Law.com