UK top 20 squeeze equity ranks as PEP pressure drives prudence
The proportion of equity partners across the UK top 20 is continuing to shrink as law firms tighten their grip on the equity amid ongoing pressure on profits. The UK's 20 largest law firms by revenue have seen the overall proportion of equity partners fall by 12% over the last seven years, with equity partners accounting for 59% of the total partner count in 2012-13, according to Legal Week research. While the number of partners across the top 20 has risen by 31% since 2005-06, the number of equity partners has grown by just 15% over the same period.
Post-crunch equity count dives despite broader partnership growth
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