Norton Rose PEP dips below £500k on back of turnover drop
Norton Rose has announced a 6% fall in profits per equity partner (PEP) to £486,000 for the 2009-10 financial year. The news comes after the firm posted a marginal drop in revenues last month, with turnover decreasing slightly 2% to £307m. Last year, the firm recorded total turnover of £314m while PEP stood at £517,000, which came on the back of a 17% fall during 2008-09.
Norton Rose has announced a 6% fall in profits per equity partner (PEP) to £486,000 for the 2009-10 financial year.
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