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With rising competition and discerning buyers, it has never been more difficult for U.K. firms to increase or maintain their profit per equity partner (PEP). This pressure continues to plague firms, which are all too aware that a strong PEP figure helps them to attract and retain the best talent.

Across the U.K. top 50, average PEP remained largely static last year at £750,000. This represented no more than a 0.2 percentage point rise to 4.3 percent, and compares to 12 percent growth back in 2016-17.

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James Willer

James is a Senior Analyst with ALM Legal Intelligence with particular interests in corporate legal departments, litigation trends, the UK legal industry and the business of law more generally. Prior to joining ALM Intelligence, James was a Senior Research Analyst at The Lawyer magazine, a UK legal publication, where he was responsible for compiling and leading research reports on a variety of topics relating to both the UK and global legal market. Before joining The Lawyer, James was a researcher at a criminal justice think tank where he undertook research reports on behalf of UK police forces.

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