Ashurst withholds profit distributions

August 19, 2016 For the second time this year, Ashurst will not be paying out its quarterly profit distribution to partners. The news comes after Ashurst revealed a 19% drop in profit per equity partner, which stands at £603,000, down from £747,000 in 2015/16.

Although distributions were halted in February and August, Ashurst expects to be on track for stronger performance in the coming financial year. The firm has historically taken a conservative approach to profit distributions, opting to withhold payments in times of financial uncertainty. King & Wood Mallesons also skipped its expected profit distribution last month.

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