BLP profits fall 21% in latest LLP

January 31, 2019 LLP accounts for legacy Berwin Leighton Paisner show a 21% decrease in profits for the last financial year, prior to the firm’s merger with Bryan Cave.

Operating profit came in at £56.9m in 2018, compared to £72.5min 2017. Revenues fell by 3%, while total management compensation decreased by 18%.

Following the merger, which took effect in April 2018, the firm has shifted toward more of a U-style compensation structure.

Read more at www.legalbusiness.co.uk.

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