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SJs breaks £200m but PEP up just 2%

Author: Charlotte Edmond

Published: 15/05/2008 15:35

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SJ Berwin has announced a 14% hike in turnover, taking it through the £200m barrier for the first time. However, average profits per equity partner (PEP) stayed virtually static.

The top 20 UK firm said today (15 May) that revenues hit £215m for the 2007-08 financial year, up from £189m last year. In contrast, PEP only rose by just over 2% to £801,000 up from £782,000 last year.

At the half-year point, turnover stood at £99m, representing a 22% hike on the same period last year.

The firm highlighted its French and German practices as particularly strong performers, with strong growth also in corporate, competition, finance and real estate.

The results come on the back of a good performance in 2006-2007 which saw SJ Berwin increase its PEP by 10% and its turnover by 23%.

Over the five year period from 2003 to 2008 the firm has seen its PEP nearly double as it then stood at £402,000. Over the same period revenue has risen from £90m to £215m.

Senior partner Jonathan Blake said: “This is our strongest ever set of results and is testimony to the diligence and dynamism of all our people in all our offices.”

Managing partner Ralph Cohen added: "We have had another very strong year, with great results in all our core areas. We are seeing a lot of major transactions, many with a significant international element."

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