UK: DWF’s highest earner takes £1m profit share for first time
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DWF’s highest earner took home a profit share of £1 million for the period 2018/19, The Lawyer reports.
The accounts relate to the firm’s UK operations, in addition to offices in Belgium, Italy, Qatar and Singapore.
The figures show that the member with the greatest share increased from £898,000 to £1,070,000. The news comes as the firm’s headcount fell from 2,168 to 1,875, with fee-earners dropping from 11 per cent and support staff by 16 per cent.
The accounts said elsewhere that revenue was stable at about £200m. The firm repaid £60m of retained cash flow after transferring assets related to its UK operations to another LLP vehicle.
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