BLP's top-earner got £1.65m profit share in 2010-11
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Berwin Leighton Paisner’s (BLP) highest paid partner got £1.65m in 2010-11, according to the firm’s LLP accounts, up from £1.6m the year before.
Average profit per equity partner at the firm in 2010-11, meanwhile, was £712,000. The LLP accounts also revealed that BLP had increased its cash at the bank and in hand from £4.28m to £7.4m, while reducing its bank overdraft from £14.1m in 2009-10, to £959,000 in 2010-11.
Fee income at BLP was £228.41m in 2010-11, up from £191.36m the year before, while profit was £82.57m, up from £59.16m. The average number of partners at the firm in 2010-11 was the same as the year before, at 176.
The number of legal staff at the firm increased from 523 in 2009-10 to 580. Support staff numbers also grew, from 574 to 578. As a result, staff costs rose from £87.75m in 2009-10 to £97.33m.
The LLP accounts for BLP include results from the firms operations in the UK, Brussels, Paris, Singapore, Abu Dhabi, Moscow and Switzerland (where the firm operates a subsidiary called Paicolex).
Readers' comments (1)
Anonymous | 2-Feb-2012 12:55 pm
These average PEP figures show that BLP is more profitable to be a partner in than DLA - DLA does though pay a lot more than the top earning BLP partner to a relatively large number of non fee earning partners eg Knowles, Angel, Darwin....... Why does the average DLA parner not see he/she is being ripped off?
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