Linklaters has announced the lowest profit per equity partner (PEP) of the U.K. Magic Circle firms, with the firm’s figure for the 2021/22 year reaching £1.87 million.

Rivals Clifford Chance and Freshfields Bruckhaus Deringer surpassed the £2 million mark, and Allen & Overy hit £1.95 million in PEP earlier this year.

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