May
30
Freshfields break £1m PEP
May 30, 2007 | Leave a Comment
Legal Week reports that Freshfields Bruckhaus Deringer has broken the £1m profits per equity partner (PEP) figure for the first time, while turnover at the magic circle firm stands just short of £1bn.
Provisional figures from the magic circle firm show PEP is up 25% from the £830,000 mark last year, with each of the firm’s partners pocketing on average £1,036,000. Meanwhile, the firm billed £987m, a 12% increase on last year’s figure of £882m.
Total profits, meanwhile, have risen 13% to £491m up from a figure of £433m last year.
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