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Specialist Sports Law Firm Announce Flat Results

LAW firm Cobbetts has revealed a flat set of figures for the year to the end of April with turnover edging up by £700,000 to £44.5m, while net profit fell by £500,000 to £10m.

Managing partner Michael Shaw blamed the drop in profits on a £1.9m one-off cost of restoring staff from a temporary four-day week to a five-day week in May 2010. It also ended payment holidays on pensions and other discetionary items.

Cobbetts have a specialist multi-disciplinary international sports practice and act for a full range of clients, including clubs, players, and athletes, governing bodies, stadium operators, event organisers, broadcasters, sponsors, rights holders and investors.


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