Trowers & Hamlins sees net profit drop by 21.4%

July 9, 2013 Trowers & Hamlins has reported a 21.4 per cent drop in net profit to £15.8m, and a 3 per cent drop in global revenues from £80.8m to £78.3m.

The firm’s equity partners saw average profit per equity partner drop by 14 per cent from £358,000 to £307,000, while those at the top of  equity saw their salaries fall by 17 per cent from £496,000 to £412,000.

The firm’s property group was the most successful, generating 43 per cent of the firm’s revenue, or £34.7m.

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