Baker & McKenzie‘s London office looks set to take almost twice the hit on profits per equity partner as the rest of the firm, with London PEP expected to have fallen by a third in fiscal year 2009.
The international firm’s results show that firmwide revenues fell by 3 percent to $2.11 billion, with PEP falling by 17 percent to $992,000. However, Baker expects London turnover to dip by 3.4 percent to 115.7 million pounds ($191.3 million), with PEP set to plunge by 33.5 percent from 572,000 pounds ($945,800) to 380,000 pounds ($628,300).
