Ashurst revenues down by 7 per cent

Ashurst has reported a seven per cent drop in global revenues for the 2008-09 financial year. The silver circle firm announced total revenue of £301m, which is down from £323m at the end of the 2007-08 financial year. While the firm is yet to announce its average profit per equity partner (PEP) figure, managing partner Simon Bromwich said Ashurst is prepared for a decline in profits.