Shoosmiths has reported a marginal drop in turnover for 2008-09 but seen profits per equity partner (PEP) plunge by 54% - the biggest drop in profits at a top 50 firm to date. Shoosmiths’ PEP plummeted by 54% to £150,000 for the last financial year down from £327,000 in 2007-08. Revenue dipped by 4%, falling from £103.4m in 2007-08 to £99m.
July 06, 2009 at 06:38 AM
1 minute read
The original version of this story was published on Legalweek
Shoosmiths has reported a marginal drop in turnover for 2008-09 but seen profits per equity partner (PEP) plunge by 54% – the biggest drop in profits at a top 50 firm to date.
Shoosmiths’ PEP plummeted by 54% to £150,000 for the last financial year down from £327,000 in 2007-08. Revenue dipped by 4%, falling from £103.4m in 2007-08 to £99m.
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