Ashurst resumes quarterly distributions to partners

After a series of delays in quarterly profit distributions to Ashurst partners, the firm is set to pay out distributions this month. The payouts were initially delayed in February after the firm failed to pay a tax bill in January. In August, the firm again delayed distributions after reporting declining financial performance in 2015/16, with profit per equity partner falling by 19%. Ashurst has not yet confirmed if partners will receive their full profit share during the next payment. The firm has experienced a year of turbulence, marked by declining revenues and a string of leadership exits.

Ashurst resumes quarterly distributions to partners legalbusiness.co.uk Thu, Nov 17, 2016