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Lawrence Graham revenues drop 7% and PEP falls 14%

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Lawrence Graham has posted a 7% fall in revenue for the 2012-13 financial year, while profits per equity partner (PEP) dropped 14%.

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Reasons to be cheerful – is the LG merger a good move for Wragge & Co?

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For a law firm leader, Wragge & Co senior partner Quentin Poole is very approachable. Neither colleagues nor rivals seem to have a bad word to say about him and, as the firm's long-awaited London merger draws closer, he has more reason than ever to be cheerful. Wragge Lawrence Graham & Co may not exactly roll off the tongue, but the tie-up goes some way towards giving Wragges the London traction it has been struggling to build organically for many years. Not to mention a shiny, relatively new office in More London – albeit, an office more synonymous with merger partner Lawrence Graham's financial difficulties than anything positive. The union, which goes live in May, takes Wragges from Birmingham firm to UK player and represents a shift in its approach to the UK legal market and beyond. It's a deal that makes sense for both firms even though it does not come near to delivering the finished article.

Pre-merger PEP at Lawrence Graham grew 64% in 2013-14

Frances Ivens |

Profit per equity partner (PEP) rose by 63.8% at legacy Lawrence Graham in the firm's 2013-14 financial results, prior to the merger with Wragges & Co which went live on 1 May this year.

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