While the provisional 17.6 per cent increase of £110m looks spectacular, it is tempered by the fact that last year’s figures only partly covered the Bruckhaus Westrick Heller Löber merger. Last year’s £625m only included nine months of Bruckhaus fees, as the merger was operational from August 2000.
Average profits per partner should be down to around £690,000 from £750,000. The drop is in line with other magic circle firms, which are expecting a decrease of some 10 per cent. Plateau partners at Freshfields, who last year made £960,000, may make between £850,000 and £900,000.
Wragge & Co has announced a 2 per cent increase in fee income on last year The firm earned £77.8m in fees for the year ending April 2002, up from £76.3m the previous year.The figures are disappointing, given that Wragges posted a 40 per cent increase in gross fees last year. However, given the economic […]