POWERED BY LAW.COM
 

There's more to life than PEP (or let's get Travers off the naughty step)

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Journalists are sometimes criticised for making lawyers overly focused on profits. The theory is that the profession has become overly bent around the one metric of profits per equity partner (PEP) and that the media has played its part by publishing those numbers. Personally, I think the idea that the media introduced greed to an innocent and unsuspecting profession is nonsense. The legal profession has grown rapidly in recent years, and when that happens to any industry you get more transparency. That’s a natural development of a healthy business services market, and it comes with the territory. I also don’t know of any industry where a core measure of profitability hasn’t become well established.

This premium content is reserved for
Legal Week Subscribers.
Subscribe today and get 10% off.

A PREMIUM SUBSCRIPTION PROVIDES:

  • Trusted insight, news and analysis from the UK and across the globe
  • Connections to senior business lawyers within the leading law firms and legal departments
  • Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
  • The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
  • Optimized access on all of your devices: desktop, tablet and mobile
  • Complete access to the site's full archive of more than 56,000 articles

Already have an account?

For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651

Recommended Stories

Lean Adviser Legal

Think Lean Daily Message

"The answer is always clients want us to bring these attributes to every stage of the project, to the overall project, and to every project."

Learn More

More from ALM

 

Legal Week Newsletters & Alerts

Sign Up Today and Never Miss Another Story.

As part of your subscription, you can sign up for an unlimited number of a wide range of complimentary newsletters and alerts. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Privacy Policy - Updated

Privacy Policy - Updated / Terms of Service

Publications

Law Topics

Rankings

More

Law.com

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.