Norton Rose Fulbright sags during transitional period
Norton Rose Fulbright experienced a 7.5% decrease (now at £115.8m) in operating profits – in the year up to 30 April – at the firm’s Eurasian business, according to it’s recently released LLP accounts.
The fall comes in spite of a 3% increase in turnover, rising to £457.9m from £444.3m. The firm’s top earner brought in 12% less than in the previous year, at £1.4m.
Peter Martyr, the firm’s global chief executive, told Legal Business that the firm was in a “transitional phase, a time of transformation and structural changes.” The firm is now midway through its 2020 strategy, which includes a new SAP practice management system and a remodeling of its global business.