Nabarro’s equity partners will take home 35 per cent less this year than last, as turnover at the firm drops by 10 per cent to £126.5m.
The firm has posted an average take-home profit per equity partner of £375,000 compared with £574,000 last year. The profit margin dropped from 39 to 28 per cent.
As a result Nabarro has launched a second round of redundancy talks with 19 staff, including 10 lawyers, across both London and Sheffield.
Real estate continues to bring in the most revenue, although turnover in that area has dipped on last year’s figure.