Results: falling revenues at Wragges, Pinsents and Eversheds
No ‘V’ shaped recovery here. Wragges estimate an expected 3% drop in turnover for the first half of this year. Revenue will be around £47.5m, compared to £49m during the first six months of 2008-09. Pinsent Masons has also seen its revenues drop during the first six months of 2009-10 to £98m which reresents a 7% fall compared with the same period last year. And Eversheds have reported a 6% fall in turnover for the first half of the year with revenues …
No ‘V’ shaped recovery here.
Wragges estimate an expected 3% drop in turnover for the first half of this year. Revenue will be around £47.5m, compared to £49m during the first six months of 2008-09.
Pinsent Masons has also seen its revenues drop during the first six months of 2009-10 to £98m which reresents a 7% fall compared with the same period last year.
And Eversheds have reported a 6% fall in turnover for the first half of the year with revenues for the six months of £178m, down from £188m for the same period in 2007/08.
Despite the falls, the general impression is that firms remain cautiously optimistic for the next 6 months.
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