Top-earning Nabarro partner took home £484,000 in 2010-11
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Nabarro’s top-earning partner got £484,000 in the 2010-11 financial year, down 4 per cent from £505,000 in 2009-10.
The drop came as turnover and profit also fell marginally for the firm. The amount billed to clients over the year was £112.5m, down from £113.8m, while profit available for division among partners was down from £37.4m to £33.5m.
The firm also continued to eat into its war chest, with cash at the bank and in had down from £9m to £6.9m in 2010-11. As a result, the firm’s net funds went down from £8m to £5.8m over the same period.
Staff numbers at the firm fell in 2010-11, to 724. In 2009-10 there were 781 staff. On average there was one more partner at the firm in 2010-11, at 123.
Readers' comments (3)
Anonymous | 27-Jan-2012 2:48 pm
I think this report is a little naive. Perhaps the "average" compensation for all partners was 484 - but with spreads between the highest to lowest earning partners at some firms exceeding 20 to 1 - the highest earning partner at Nabarro did far better than 484 . . . if the firm had any hope of keeping them!
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Anonymous | 27-Jan-2012 3:40 pm
Took home? Or pre-tax profit share?
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City Gent | 27-Jan-2012 4:44 pm
"Perhaps the "average" compensation for all partners was 484 ..."
No, the article says that was the amount paid to "Nabarro’s top-earning partner".
Presumably the also rans got significantly less than that - hardly worth gtetting out of bed for.
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