LG has posted a 26% drop in profits per equity partner (PEP) for 2011-12, with revenue also fallng for a second consecutive year. The firm, one of the last major UK practices to announce its results for 2011-12, has seen PEP dip by more than a quarter, from £412,000 last year to £303,000, with fee income falling 3.4% to £56m, down from £58m in 2010-11.
July 25, 2012 at 12:39 PM
1 minute read
The original version of this story was published on Legalweek
LG has posted a 26% drop in profits per equity partner (PEP) for 2011-12, with revenue also fallng for a second consecutive year.
The firm, one of the last major UK practices to announce its results for 2011-12, has seen PEP dip by more than a quarter, from £412,000 last year to £303,000, with fee income falling 3.4% to £56m, down from £58m in 2010-11.
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