The second 50 saw strong PEP increases, closing the gap between the group and the U.K. Top 50.
The second tier of the U.K.’s top law firms are growing their equity partner profits at a faster rate than their larger rivals, according to Legal Week’s latest table of financial results.
The U.K. second 50 – the firms that rank 51-100 based on their revenues – saw their overall average profits per equity partner rise to £504,000 in the last financial year, up 19% from £424,000 the previous year. In comparison, the top 50′s average PEP figure grew by 4% to hit £750,000, amid greater competition with U.S. rival firms.
