The UK's leading law firms have struggled to match significant hikes in revenue with similar profitability increases during the past five years, with Legal Week research showing that 30 % of the UK top 50 have
lower profits per equity partner (PEP) now than they did in 2011 - 12.
Not exact matches
Using the
profit per partner metric allows comparing the relative contribution to the firm's
profits per equity partner of, for example, a
low - margin practice area having high associate leverage and a high - margin,
partner - intensive practice area.
Ashurst has posted falling revenue and
profit per equity partner (PEP) for the second year running, with PEP falling to an 11 - year
low.