Herbert Smith announces 5% revenue increase
Herbert Smith has announced its revenues for 2008-09, with the top 10 City firm reporting a 5% increase in turnover. The growth takes revenue to £444m, up from £421.8m last year. However, the firm estimates that profits per equity partner (PEP) could be down by as much as 22%. It is still in the process of finalising its PEP figure, however, it says the figure will have fallen by between 12% and 22% from last year's figure of £1.02m.
June 08, 2009 at 12:35 PM
2 minute read
Herbert Smith has announced its revenues for 2008-09, with the top 10 City firm reporting a 5% increase in turnover.
The growth takes revenue to £444m, up from £421.8m last year.
However, the firm estimates that profits per equity partner (PEP) could be down by as much as 22%. It is still in the process of finalising its PEP figure, however, it says the figure will have fallen by between 12% and 22% from last year's figure of £1.02m.
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