Stephenson Harwood has reported flat financials for financial year 2021/22, after a correction to last year’s results.
Revenue remained at £206m with profit per equity partner (PEP) of £685,000. This would have amounted to a drop in revenue from £209m first reported for financial year 2020/21, had the firm not adjusted last year’s financials after it settled claim regarding £3m of unpaid fees between announcing and closing its accounts. This adjustment marks a 3% drop in revenue and 6% dip in PEP from 2020.
