Partners at Ashurst have voted in favour of a single yearly profit payment to replace quarterly distributions.
The firm said in a statement it will bring partners up to date so all profits up to 1 May 2016 will be fully paid out and all profits in future years will be paid out within 12 months of the end of each financial year. The changes required a 50% vote to pass and as a result a £1m net increase in capital will be made by the partnership.
