Gross fees went up 7 per cent from £212m to £227.1m while average profits per partner rose from £260,000 to £301,000.
Top equity partners moved up 18 per cent from £380,000 to £450,000. Managing partner David Ansbro said: “Bearing in mind what we did last year in merging the seven firms, this is a thoroughly satisfactory performance. The first three months of the year were very inward-looking.”
The regional practices still dominated, with London representing only 20 per cent of turnover. As part of the merger, Eversheds shed 10 equity partners (The Lawyer, 15 January). Prior to the merger, a bonus pool was shared among the offices; last year it was worth £6m.
Ansbro confirmed Eversheds and Dutch partner Boekel de Neree are working towards full merger.
The lie of the land
The UK farming industry has had a tough time of it. Kathryn Hobbs talks to NFU head of legal Colin Hall about helping his members cope with the Government With 80 cows, 350 ewes and a legal team of over 20, the National Farmers’ Union (NFU) head of legal Colin Hall has a lot to […]