UK firm Bircham Dyson Bell boosts PEP with redundancies
Bircham Dyson Bell has remained flat at £31 million during the last financial year, but the firm managed to boost profit per equity partner by 13 per cent after cutting three partners and two support staff.
The firm’s net profit rose by 11.4 per cent from £7 million to £7.8 million, and average profit per equity partner rose from £230,000 in 2010-11 to £260,000 in 2011-12.
Managing partner Jesper Christensen said that the firm was now stable and that there were no more redundancies on the horizon. He also indicated that following its aborted merger talks with Dundas & Wilson, Bircham Dyson Bell is still looking to expand.
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