Travers Smith is the latest firm to release its financial results, reporting a 7.6% drop in profits per equity partner (PEP). The top 40 City firm saw PEP drop to £755,000 from last year's figure of £817,000, although the firm also reported a small increase in turnover, pushing revenue through the £80m mark. Total turnover climbed by 3% from last year, when the firm took in £78.3m in revenue, which marked a 15% increase on the 2005-06 total.
July 15, 2008 at 11:43 AM
1 minute read
The original version of this story was published on Legalweek
Travers Smith is the latest firm to release its financial results, reporting a 7.6% drop in profits per equity partner (PEP).
The top 40 City firm saw PEP drop to £755,000 from last year’s figure of £817,000, although the firm also reported a small increase in turnover, pushing revenue through the £80m mark.
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