LG asked partners to put in an average of £20,000 each to strengthen the firm's balance sheet, according to the firm's latest limited liability partnership (LLP) filings. The top 50 firm asked its fixed-share and equity partners to contribute £1.2m into the firm - increasing partners' capital in the business from £9.3m as of 30 April 2008 to £10.5m over the current financial year.The accounts also reveal that the firm accelerated repayments of a £15.8m loan, initially taken out to fund the fit-out of its new offices in More London, so that by the 30 April 2008 the firm only had £11m to pay back.
March 12, 2009 at 01:57 AM
1 minute read
The original version of this story was published on Legalweek
LG asked partners to put in an average of £20,000 each to strengthen the firm’s balance sheet, according to the firm’s latest limited liability partnership (LLP) filings.
The top 50 firm asked its fixed-share and equity partners to contribute £1.2m into the firm – increasing partners’ capital in the business from £9.3m as of 30 April 2008 to £10.5m over the current financial year.
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