Hammonds Reports PPP Down

London’s Hammonds LLP saw profits per equity partner fall to £276,000 ($446,000) for the recently ended fiscal year.

The firm laid off 77 staffers and cut 20 partners in February.

Hammonds LLP is an international law firm with UK offices in London, Birmingham, Manchester, and Leeds. Overseas offices are situated in Brussels, Paris, Berlin, Munich, Madrid, Hong Kong and Beijing.