LG's highest-paid member received £695,000 in 2009-10 - a 46% increase on the previous year's top figure, according to the firm's latest limited liability partnership (LLP) accounts. The Companies House filings reveal that firm's best-paid member took home £220,000 more than the previous year, as profits per equity partner rose 64% to £460,000 alongside an 8% turnover increase. During the year LG reduced its net debt carried forward by 63% to £5.1m, compared to £14m the previous year, while cash at bank and in hand more than tripled to £4.5m, up from £1.3m. The firm's operating profit rose by 32% to £24.6m.
February 03, 2011 at 10:27 AM
1 minute read
The original version of this story was published on Legalweek
LG’s highest-paid member received £695,000 in 2009-10 – a 46% increase on the previous year’s top figure, according to the firm’s latest limited liability partnership (LLP) accounts.
The Companies House filings reveal that firm’s best-paid member took home £220,000 more than the previous year, as profits per equity partner rose 64% to £460,000 alongside an 8% turnover increase.
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