Linklaters’ top earning partner took home £2.3m last year – £300,000 less than the previous year, according to the firm’s annual LLP accounts.
Partner numbers at the firm have been decreasing over the past five years and currently stands at 442, with 414 equity partners. On entering the equity, partners receive between seven and ten equity points and increase those by 1.5 parts per year to a maximum of 25.
The top of equity currently stands at £1.658m and the bottom at £0.663m.
The firm’s accounts, filed today (29 November) at Companies House reveal that partners are taking home a slightly larger profit pool this year, with £350.6m available for distribution compared to £348.9m the previous year.
But both revenue and profit have dipped slightly. Last year the firm generated revenues of £1.193bn compared with £1.204bn in 2011/12, net profit also declined from £385m in 2011/12 to £371m in 2012/13.
More to follow