Watson Burton has been hit by a massive 52% nosedive in average profits per equity partner (PEP) for 2006-07, the northeast firm announced today (26 June). The 41-partner firm saw its provisional annual PEP tumble to £220,000, down from £460,000 for the equivalent 12-month period last year. The collapse in profits comes against static turnover of £22.7m.
June 26, 2007 at 08:38 AM
1 minute read
The original version of this story was published on Legalweek
Watson Burton has been hit by a massive 52% nosedive in average profits per equity partner (PEP) for 2006-07, the northeast firm announced today (26 June).
The 41-partner firm saw its provisional annual PEP tumble to £220,000, down from £460,000 for the equivalent 12-month period last year. The collapse in profits comes against static turnover of £22.7m.
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