TITLE

Under fire

AUTHOR(S)
Harris, Joanne
PUB. DATE
July 2006
SOURCE
Lawyer;7/10/2006, Vol. 20 Issue 27, p21
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decline in the profitability of Cobbetts, a law firm based in Manchester, England. Its projected profit per equity partner (PEP) for 2006 is £190,000. The projected PEP failed to meet managing partner Michael Shaw's target of £225,000. In a bid to raise profitability, Cobbetts implemented a redundancy program which involves the dismissal of 20 salaried and equity partners.
ACCESSION #
21801561

 

Related Articles

  • Cobbetts posts a profit despite prior reticence. Byrne, Matt // Lawyer;2/22/2010, Vol. 24 Issue 8, p7 

    The article reports on the financial performance of Cobbetts LLP. It shows that the firm posted an operating profit of 9.38 million British pounds in 2010, while the profit before members' remuneration and profit shares dropped by 44.5%. BDO Stoy Harward head of professional tax services Colin...

  • North West test. Harris, Joanne // Lawyer;10/18/2004, Vol. 18 Issue 40, p19 

    This article focuses on the financial performance of law firms of North West England. Indeed, the North West region overall has had a pretty good year. Real estate and insurance have, as ever, been strong areas. The legion benefits from having particularly low costs per lawyer , with five of the...

  • Cobbetts: a bargain, not a victim. Swift, James // Lawyer (Online Edition);2/11/2013, p32 

    The article provides information on the interest of several law firms in acquiring Cobbetts LLP or at least a part of it in Manchester, England.

  • Cobbetts postpones partnership round. Arora, Vanessa // Lawyer;3/26/2007, Vol. 21 Issue 12, p1 

    The article reports that partnership promotions at Cobbetts were delayed in 2007 as the law firm implements a new corporate structure that will radically overhaul routes to partnership in Great Britain. Promotions were deferred because proposals for a new career structure and partnership will be...

  • Cobbetts breaks into Germany with AirPlus.  // Lawyer;10/28/2002, Vol. 16 Issue 43, p31 

    Reports on the commercial deal completed by law firm Cobbetts, acting for Frankfurt, Germany-based AirPlus International in its joint project with British Airways to provide an upgraded cardless payment scheme for corporate travel. Leaders of the Cobbetts team Mark Green, Peter McGrath and...

  • Cobbetts in Brussels alliance. Rovnick, Naomi // Lawyer;5/26/2003, Vol. 17 Issue 21, p2 

    Announces the European Union alliance formed by England-based law firm Cobbetts and Brussels, Belgium-based Stanbrook & Hooper.

  • Cobbetts and Lee Crowder merge to create top 50 firm. Begum, Husnara // Lawyer;12/1/2003, Vol. 17 Issue 47, p5 

    Reports on the merger of the law firms Cobbetts and Lee Crowder. Projected increase in revenues; Retention of the positions of partners Michael Shaw and Stephen White; Stephen Gilmore's resignation to take over as national head of corporate.

  • Cobbetts chief targets post-expansion PEP hike as three partners make tracks. Harris, Joanne // Lawyer;9/19/2005, Vol. 19 Issue 36, p2 

    Reports that Michael Shaw, managing partner of British law firm Cobbetts has vowed to raise average profit per equity partner by 20 percent in 2005. Partner lost by the firm to competition; Shaw's denial of market rumors that 15 partners are set to be de-equitized; Expected number of partners to...

  • Cobbetts king of Manchester as Read Hind tie-up boosts turnover. Rovnick, Naomi // Lawyer;12/9/2002, Vol. 16 Issue 49, p4 

    Reports on the 2002 yearend turnover of England-based law firm Cobbetts following its merger with Read Hind Stewart. Comparison with Manchester rival Pannone & Partners.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics