X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
London (Image: Shutterstock)

Profit per equity partner growth across the U.K.’s 50 largest law firms slowed to a near halt in the last financial year, Law.com International research has found, as firms grappled with Brexit fears, a general election and the pandemic lockdown.

A ranking of the top 50 U.K. firms by revenue for the 2019-20 financial year found the average profit per equity partner was £760,500, which was up 1.4% on the previous financial year. It was the worst year for average PEP growth since 2015-16, when the figure dropped 1.3%, according to the data, which is submitted each year by the firms.

This premium content is reserved for
Law.com International Subscribers.

BENEFITS OF A SUBSCRIPTION INCLUDE:

  • Customized news by region including UK, Asia, Europe, Latin America, Middle East, Africa, and North America
  • Cutting-edge research such as UK Top 100, China 45, and Asia 50
  • Get the inside track on the biggest breaking stories that delve deep into the issues behind the headlines
  • Comprehensive coverage of the dynamic legal market from people moves to the major international jurisdictions
  • Global view into how legal tech, business of law, in-house and regulatory environments are intersecting worldwide

Already a subscriber?

Hannah Roberts

Hannah joined Legal Week in May 2018 after finishing her degree at Kingston University. Her areas of focus are corporate, M&A, private equity and restructuring at UK and City-based US law firms. [email protected]

Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

Legal Research and Law Library ManagementBook

This revised edition of Legal Research and Law Library Management retains the best elements of the previous edition while covering the latest in law library management.

Get More Information
 
 

Law.com International Newsletters & Briefings

Sign Up Today and Never Miss Another Story.

Sign up for an unlimited number of complementary newsletters, alerts, and International Briefings. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 American Lawyer Media International, LLC. All Rights Reserved.