Speechly posts steady turnover as firm eyes 25% PEP boost from partnership shake-up
Speechly Bircham has posted flat revenues for 2012-13 following a series of management changes and partner exits that are expected to see the firm's partner profits rise 25% next year. The City firm took in fee income of £57.5m for the last financial year, broadly in line with the 2011-12 figure of £57.6m, while profits per equity partner (PEP) fell 3% from £303,000 to £293,000. Over the last financial year around 17 partners have left the firm – six of which were retirements, with one more to take effect in October. Meanwhile, six partners have been asked to leave, alongside a number of departures to other law firms and moves in-house.
Speechly Bircham has posted flat revenues for 2012-13 following a series of management changes and partner exits that are expected to see the firm’s partner profits rise 25% next year.
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