Addleshaw Goddard saw its profits per equity partner (PEP) plunge by 30% over the last financial year, the firm announced today (29 June).

The national firm saw turnover for 2008-09 fall by just over 11% to £173.3m down from £195.4m. PEP meanwhile dropped by 30.8% falling from £586,000 in 2007-08 to £405,000 for the last financial year.