Pannone launches corporate crime practice in London, and posts 6% drop in revenue

Pannone has launched a new office in London, with a team that will focus on business crime, fraud and regulatory law in the UK. Head of regulatory Anthony Barnfather said: “We’ve seen a sharp rise in high-profile investigations by regulators, in particular the Financial Services Authority, and as a result we’ve opened a London office to service the demands of our growing client base.” The firm has reported a six per cent drop in revenue in the 2009-10 financial year, from £52.5 million to £49.5 million while the average profit per equity partner has remained steady, gaining £1,000 to reach £229,000.

Pannone launches corporate crime practice in London, and posts 6% drop in revenue thelawyer.com Thu, Jul 1, 2010