Dickinson Dees saw average profits per equity partner (PEP) drop by more than 10% during 2007-08, the firm's limited liability partnership (LLP) accounts have revealed. PEP for the financial year stood at £258,000, compared to the previous year's figure of £289,000. The highest-paid earner at the firm took home £393,000 for the year, a drop-off from the previous year's top earnings of £435,000. The drop in profits is understood to have come as a result of the sell-off of the firm's volume business, D3 Legal, which was sold to Optima at the end of last year following a redundancy programme which saw 47 members of staff affected.
January 26, 2009 at 07:01 AM
1 minute read
The original version of this story was published on Legalweek
Dickinson Dees saw average profits per equity partner (PEP) drop by more than 10% during 2007-08, the firm’s limited liability partnership (LLP) accounts have revealed.
PEP for the financial year stood at £258,000, compared to the previous year’s figure of £289,000. The highest-paid earner at the firm took home £393,000 for the year, a drop-off from the previous year’s top earnings of £435,000.
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