LG has sustained its second consecutive year of falling partner profits, with the firm's financial results for 2007-2008 showing a 3.4% drop in profits per equity partner (PEP). The drop means average PEP has fallen from £445,000 in 2006-07 to £430,000 for the latest financial year. During the same period turnover inched up by 2.3% £66m to a new mark of £67.5m.
June 19, 2008 at 08:45 AM
1 minute read
The original version of this story was published on Legalweek
LG has sustained its second consecutive year of falling partner profits, with the firm’s financial results for 2007-2008 showing a 3.4% drop in profits per equity partner (PEP).
The drop means average PEP has fallen from £445,000 in 2006-07 to £430,000 for the latest financial year. During the same period turnover inched up by 2.3% £66m to a new mark of £67.5m.
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