Revenue at the national player dropped to # 104m from # 107m, a 3 % decrease, while
profit per equity partner also fell to # 275,000, down 3 % from last year's reported figure of # 284,000.
The firm said that in the year to 30 June 2015
profit per equity partner also increased, to # 935,000, up 6 % from # 882,000 the previous year.
Not exact matches
It
also posted a healthy increase in
profits per equity partner (PEP) of 7.6 % to # 1.398 m, widening the gap between arch-rival Linklaters, which managed a 5.9 % increase in PEP to # 1.313 m.
Profitability has
also grown by 2 %, according to the results of the 16 firms that have given
profit per equity partner (PEP) figures.
DLA Piper has posted a double digit increase in net
profit to a record high of $ 667m (# 404m), while average
profits per equity partner rose 12.5 % to $ 1.49 m (# 903,000),
also a record high.
The sale of D3 is
also thought to have contributed to a 10 % drop in
profits per equity partner (PEP).
Average
profits per equity partner (PEP) have
also steadily crept back to levels approaching 2007 - 08 ′ s record high of # 616,000.
Herbert Smith Freehills (HSF) has posted an 8 % rise in
profit per equity partner (PEP) in 2014 - 15 as its revenue
also increased.
Gateley has reported a significant hike in
profits with
profit per equity partner (PEP) soaring by 22 % while revenue
also climbed 7 % during the 2012 - 13 financial year.
LG has posted a 26 % drop in
profits per equity partner (PEP) for 2011 - 12, with revenue
also fallng for a second consecutive year.
In the year to 30 April, Gowling WLG's UK arm saw revenues increase by 2 % to # 184.7 m. Average
profit per equity partner has
also risen by 2 %, to # 379,000.
Maclays
also demonstrated further growth in its 2006 - 07 results with average
profits per equity partner breaking the # 300k barrier, rising by 15 % from # 275,000 last year to # 315,000 this year, while Brodies announced a turnover rise of 43 % to # 30m and gross
profits up 33 % to # 11.6 m.
Profit per equity partner (PEP)
also increased by 8.5 % to $ 2.36 m (# 1.53 m), while revenue
per lawyer (RPL) grew 8 % to $ 1.145 m (# 742,000).
Nabarro has
also been doing well financially, with revenues up again this year after a stonking 2015 which saw
profit per equity partner soar 21 %.
Regional
partners also enjoyed higher
profits — more than 70 % of those who grew
profit per equity partner (PEP) reported an increase of more than 10 %, compared to less than 40 % of City firms.