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International Edition

Gateley LLPs shed light on Halliwells acquisition as top pay figure falls 50%

Gateley's highest-paid partner took home £379,728 in 2010-11, less than half the £802,177 pay packet of the previous year's top earner, according to the firm's English limited liability partnership (LLP) accounts. A spokesperson said the substantial drop was due to two "significant deals" led by one partner that completed before the end of 2009-10, which the firm described as "an exceptional and stand-out year for business".
3 minute read

International Edition

Ashurst LLPs: staff costs rise £5m as top earner takes home £1.05m

Ashurst saw a £5m increase in staff costs during 2010-11 against a 2% drop in staff count, according to the firm's limited liability partnership (LLP) accounts. The accounts, recently filed on Companies House, show staff costs rose to £127.8m last year, up from £122.3m in 2009-10. Over the same period, total legal and support staff headcount fell from 1,634 to 1,602. The firm attributed the increase in staff costs to a rise in the number of partners outside the UK treated as salaried partners under the LLP for accountancy reasons.
2 minute read

International Edition

SNR Denton UK LLPs highlight falling profits and Turkey restructuring

SNR Denton saw profit before tax shrink by around 40% last year across its operations outside the US, with the firm's latest limited liability partnership (LLP) accounts showing a fall in profit from £37.9m to £22.5m. The transatlantic firm's UK LLP accounts, which cover operations across the UK, Europe, the Middle East and Asia, show profit available for discretionary division fell from £6.2m to £615,000, against a slump in audited turnover from £166m to £152.5m.
3 minute read

International Edition

BLP accounts show firm cleared £18.6m loan during 2010-11

Berwin Leighton Paisner (BLP) has repaid a £18.6m debt used largely to refurbish its City premises and launch its Moscow operations, according to the firm's limited liability partnership (LLP) account. The 2010-11 accounts reveal that BLP moved from being £18.6m in debt in 2009-10 to £854,000 in credit last year, writing off all money owed on the upgrade of its Adelaide House premises and its Russia office launch.
2 minute read

International Edition

DLA LLP filings show turnover increase and £1.7m pay for top earner

DLA Piper's International limited liability partnership (LLP), which covers all operations outside North and South America, reported revenues of £619.9m during the financial year ending 30 April 2011.
2 minute read

International Edition

Norton Rose accounts show staff costs rose £12m during 2010-11

Norton Rose saw staff costs increase by £12.3m during 2010-11 in the wake of significant international expansion, the firm's limited liability partnership (LLP) filings have revealed. The LLP accounts, which cover all of the firm's operations with the exception of its Australia, Canada and South Africa arms, show staff costs rising over the year from £138.9m to £151.2m.
2 minute read

International Edition

Cobbetts refinances £10m banking facilities as top earner takes £400k

Cobbetts has agreed to refinance £10m in existing loan and overdraft facilities in a new deal with Lloyds Banking Group, according to limited liability partnership (LLP) accounts recently filed with Companies House. The accounts confirm that the firm, currently in merger talks with DWF, switched its banking facilities from Royal Bank of Scotland to Lloyds after the close of the 2010-11 financial year, agreeing £7.5m in loans and an overdraft facility of £2.5m.
2 minute read

International Edition

Hogan Lovells accounts show capital contributions rising by £10m

Hogan Lovells' international partnership saw capital contributions from members increase by more than £10m during the financial year ending 30 April 2011, according to the firm's limited liability partnership (LLP) accounts. The accounts, filed with Companies House last week, cover the activities of legacy Lovells outside North and South America - now Hogan Lovells International.
3 minute read

International Edition

Olswang best-paid partner takes home £681k; Charles Russell's top-earner makes £293k

Olswang's highest paid member took home £681,000 last year according to limited liability partnership (LLP) accounts recently filed with Companies House. The accounts show that the firm's operating profit fell from £31.6m in 2009-10 to £29.3m last year, while staff costs increased to £32.7m in 2010-11, up from £31.5m the previous year.
2 minute read

International Edition

SJ Berwin accounts show total staff numbers fell almost 10% in 2010-11

SJ Berwin saw staff numbers shrink by 9% during the last financial year, with the firm's 2010-11 limited liability partnership (LLP) accounts showing total staff fell from 1,002 to 914. The reduction, which saw the firm's support staff numbers reduce by 22, with lawyer count shrinking by 66 to 465, prompted total staff costs to drop by 5% to £69.5m.
3 minute read

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