Burges Salmon revenue down after seven years of growth
Burges Salmon has posted its 2016/17 financial results, reporting a slight dip in revenue, which decreased by 0.4 per cent from £87.4m to £87m. This year’s results represent the first revenue drop following a seven year period of growth.
For the 2015/16 year, Burges Salmon posted average profit per equity partner (PEP) of £523,000, the highest ever for the firm.
Managing partner Peter Morris attributed this year’s results to a slow first two quarters, which were followed by an uptick in activity in Q4.