London firms did not match last year's PEP rise. Credit: Kasvi Sehgal/ALM UK Top 50 Ranked by PEP: Partner Profit Growth Slows as Firms Share Out Equity
Despite a strong revenue increase, partner profit growth across the U.K. top 50 firms slowed amid inflated costs and an increased number of equity partners.
September 13, 2022 at 05:56 AM
5 minute read
Average profits per equity partner across the U.K.'s largest 50 law firms rose 7.7% in the last financial year, as inflated costs and an increased number of equity partners lessened firms' ability to transfer a surge in revenue to the bottom line.
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