Linklaters Profits and PEP Fall as Revenue Dips Behind A&O
The firm still posted its highest turnover to date, but overall growth slowed to less than a percent
July 16, 2020 at 10:54 AM
3 minute read
Linklaters has posted drops in profit per equity partner (PEP) and profits in its results for the 2019/20 financial year, following Magic Circle rival Allen & Overy in the trend.
Linklaters PEP fell by 5% to £1.61 million, while profits were down 3.3% on the previous year, standing at £726.9 million.
Linklaters revenue barely increased, nudging up by 0.7% to hit £1.639 billion. The firm sits just behind A&O, which earlier on Thursday announced revenue of £1.69 billion.
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