Editor's Comment: Weakest Links
I'll go out on a limb and say I think Linklaters' decision to announce headline profits per equity partner (PEP) based on full-drawing partners is fair enough. But it looks like I'm in a minority, with just Tony Angel and Links' finance director Nick Heywood-Waddington for company. Actually, I'd assumed it was widely known that the firm's PEP was cut that way, but some of the firm's closest rivals seemed genuinely shocked as the fact was made plain in its recent results (see page 10).
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