Oh Dear, More Bad News; Travers Smith profits drop…
Oh dear, the top 40 City firm per equity partner profits dropped to £755,000 from last year’s figure of £817,000, but the firm did manage a small increase in turnover, with revenue lifting through the £80m mark.
Less for more; looks like the credit crunch is really biting.
Travers’ results reflect similar fortunes for some of their City rivals reporting falling partner profits, with LG, Berwin Leighton Paisner and Trowers & Hamlins all posting decreases in PEP.
Tighten those belts.
Click here …
Oh dear, the top 40 City firm per equity partner profits dropped to £755,000 from last year’s figure of £817,000, but the firm did manage a small increase in turnover, with revenue lifting through the £80m mark.
Less for more; looks like the credit crunch is really biting.
Travers’ results reflect similar fortunes for some of their City rivals reporting falling partner profits, with LG, Berwin Leighton Paisner and Trowers & Hamlins all posting decreases in PEP.
Tighten those belts.
Click here to donate to those poor old folk.
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July 17, 2008
haha.
Larry & Co are bullish even in this economic climate.
PEP will be up 115% this year.