Dentons sets ambitious post-merger strategy to ramp up partner profits
Dentons has set out ambitious plans to ramp up profits per equity partner (PEP) across the UK, Middle East and Africa (UKMEA) following the three-way merger that created the firm earlier this year. The firm, formed this March by the combination of SNR Denton, Salans and Canada's Fraser Milner Casgrain, has laid out a three-year strategy to increase profitability in the UKMEA region, with lateral hires forming a key part of the growth plans. UKMEA chief executive officer Matthew Jones (pictured) denied that a specific target for PEP had been set; however, several partners told Legal Week that the firm was aiming for UKMEA PEP to reach that of firms such as Norton Rose Fulbright and DLA Piper (£477,000 and £596,000 in 2011-12 respectively), with other sources citing targets as high as £850,000.
Newly merged firm puts lateral recruitment at heart of plans to boost profitability
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