Olswang revenue falls 11% as PEP remains flat
Turnover slide attributed to Berlin office closure as firm continues to engage in merger talks.
Olswang has announced its revenue fell 10.8% during the last financial year to £113m, while profit per equity partner remained flat at £490,000.
The firm attributed the fall in revenue during 2015-16 to the departure of a 13-partner team from its Berlin office, leaving it with one German office – in Munich. Olswang said the separation was reached “by mutual agreement”.
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