Eversheds’ limited liability partnership (LLP) accounts reveal that the national giant spent around £7.6m on general improvements and equipment across its offices in the 2006-07 tax year, with the firm expecting to invest a further £30m-40m this year in its new London headquarters near Bank.
Eversheds head of financial control Tim Nash told Legal Week: “Our accounts show a period of steady growth. We don’t have high levels of debt, we don’t have massive investment. Generally they are a prudent set of results.
“From our perspective we haven’t invested heavily in assets, although we do expect next year to show around £30m-40m worth of investment for our
The firm’s operating profit rose by £19.8m to a new mark of £111.6m, with staff costs rising £21m to £166.6m after the firm took on an extra 64 fee earners and 22 more support staff during the 12-month period.
Partner numbers at the firm, however, remained static at 333. The estimated top of the lockstep was £753,000 – up by £123,000 from the amount taken home by the previous year’s highest earners.
Eversheds’ domestic offices raked in £341m over the period from a firmwide turnover of £356m – representing almost 96% of total earnings – while the rest of
The news comes with a raft of leading firms having recently filed their LLP accounts with Companies House, with office refurbishments featuring prominently for several City firms. Allen & Overy was revealed to have spent £108m fitting out its new
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