Stephenson Harwood has posted an 18% drop in profits per equity partner (PEP) for the last financial year, alongside a 3% increase in turnover. The City firm saw PEP fall to £500,000 in 2011-12 down from £610,000 the previous year, with the decline coming as revenues rose to £110.2m from £107m, taking revenue growth to 30% over the last four years.
July 13, 2012 at 11:02 AM
1 minute read
The original version of this story was published on Legalweek
Stephenson Harwood has posted an 18% drop in profits per equity partner (PEP) for the last financial year, alongside a 3% increase in turnover.
The City firm saw PEP fall to £500,000 in 2011-12 down from £610,000 the previous year, with the decline coming as revenues rose to £110.2m from £107m, taking revenue growth to 30% over the last four years.
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