The City firm has announced PEP of £502,000 for the financial year, up from £476,000 last year. Revised turnover now stands at £197.4m, up 6.5% from last year’s value of £185.3m.
Overall profits now stand at £64.4m, an increase of 3.5% from £62.2m on the previous year. The results will trigger a firmwide bonus payment of 3.2% of salary to all Camerons’ staff.
Other firms to have so far broken the £500,000 PEP barrier for the first time so far this year are Simmons & Simmons, Norton Rose, Addleshaw Goddard, Nabarro, Osborne Clarke and Field Fisher Waterhouse.
Dick Tyler, Managing Partner commented: “These results are slightly better than we anticipated immediately after our year-end. Over the last two years, our profit per partner figure has risen by 35%.”
How do Camerons' results measure up to those of its City rivals? Have your say with the Legal Week Wiki 2007 results special.