Shoosmiths has posted a strong upturn in profits per equity partner (PEP) for 2009-10 after seeing PEP fall by more than 50% last year. Partner profits at the UK top 30 firm increased by 69.5% this year, rising from £151,000 to a new mark of £256,000. The PEP hike came against a 9.1% decrease in turnover to £90m, following on from a 4.4% drop last year when turnover fell from £103.4m to £99m.
July 14, 2010 at 07:38 AM
1 minute read
The original version of this story was published on Legalweek
Shoosmiths has posted a strong upturn in profits per equity partner (PEP) for 2009-10 after seeing PEP fall by more than 50% last year.
Partner profits at the UK top 30 firm increased by 69.5% this year, rising from £151,000 to a new mark of £256,000.
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