Legal Services

Travers Smith partner pay edges up while revenue dips

Managing partner Edmund Reed said despite an uptick in mergers in the sector, the firm has ‘no plans’ to follow suit

Travers Smith has made hires to its London office this year (photo by Mike Kemp/In Pictures via Getty Images)
Travers Smith has made hires to its London office this year (photo by Mike Kemp/In Pictures via Getty Images) Photo: In Pictures via Getty Images

Travers Smith posted average profit per equity partner of £1.3m for the year ended 30 June, up 5% on the previous year.

Revenue at the firm fell 2% to £210m, while profit was down 3% to £74.1m.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink