Handy to get confirmation of the SJ Berwin’s profits and turnover and the financial results of Lawrence Graham – sorry, LG – on the same day. The simultaneous announcement makes it easy to compare two mid-market firms that not that many moons ago would have placed in the same market bracket, even if culturally they have always been poles apart.
And how things have changed. In 2003, SJ Berwin may have been bigger, but it was LG that was motoring, with average profits per equity partner (PEP) up by 33% in the difficult years since 2000 to hit £373,000. The firm had even come in sight of SJ Berwin’s own £444,000 PEP figure, which had not risen for three successive years.
