Clyde & Co cuts back on capital contributions
Clyde & Co has slashed capital contributions for the firm’s members, which are down from £18m in 2012 to to £6.7m in 2013.
The firm had an excellent year in the 2012-13 financial year, adding 39 members and raising the discretionary profit share by over 20 per cent to £81.6m on top of a remuneration package of £3.3m. The highest-paid partner last year took home £1.29m, up from £1.27m in 2012.
Turnover at the firm increased from £285.8m to £334.5m and profit was up 20 per cent, from £70m to £84.9m.