Herbert Smith has unveiled a record-breaking financial year, with profits per equity partner smashing the 1 million pound barrier on the back of a 25 percent surge in turnover. Revenue at the U.K. heavyweight jumped by a quarter, from 324 million pounds ($630.8 million) in 2006-07 to 417.5 million pounds ($812.9 million) for the most recent financial year. PEP, meanwhile, also grew by 25 percent from 820,000 pounds to 1.02 million pounds ($2 million).
May 13, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Herbert Smith has unveiled a record-breaking financial year, with profits per equity partner (PEP) smashing the 1 million pound barrier on the back of a 25 percent surge in turnover.
Revenue at the U.K. heavyweight jumped by a quarter, from 324 million pounds ($630.8 million) in 2006-07 to 417.5 million pounds ($812.9 million) for the most recent financial year.
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