Eversheds reports 3% drop in turnover

Eversheds has reported a 3 per cent drop in turnover in its half-year financial results. Revenue fell from £178m to £172.6m. Eversheds chief executive Bryan Hughes said: "Our business model is still robustly withstanding the rigours of the market, with margins and cashflow strong. "While it is always slightly disappointing to see the top line move back, our half-year position is pretty much in line with expectations. The bulk of our business units are performing in line with or ahead of expectations, and the overall results being pulled down by underperformance in one or two specific areas."

Eversheds reports 3% drop in turnover legalweek.com Wed, Nov 17, 2010