Accounts filed with Companies House this week show that the firm’s net debt stood at £22.6m at the end of the financial year, down from £24.8m the previous year.
Profits for partners up
Profits available for partner distribution rose by 22 per cent, from £63.3m in 2013/14 to £77.2m last year. The amount of profit due to the highest-earning partner rose by 20 per cent, from £1m to £1.2m.
Luxembourg launch
Audited revenue rose by 7.5 per cent, from £268.6m to £288.9m, which the firm said was due to a recovery of business levels ‘in some jurisdictions’ and its launch in Luxembourg at the end of 2014. Source: The Lawyer
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