UK Top 50 2016-17: the firms which now have lower PEP than they did five years ago

Thirty percent of the UK top 50 now have lower partner profits than they did in 2011-12

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.

As a result, while this year’s UK top 50 firms have seen turnover rise by an average of 47% in the past five years, driven in part by a string of major mergers, PEP growth has been much harder to come by, with the 50 firms posting average PEP growth of 18.5% since 2011-12.

This premium content is reserved for
Legal Week Subscribers.

Subscribe today to get ALL ACCESS and 15% off!

A premium subscription gives you access to all articles and provides:

  • Trusted insight, news and analysis from the UK and across the globe
  • Connections to senior business lawyers within the leading law firms and legal departments
  • Unique access to ALM’s unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week’s UK Top 50 and Global 100 rankings
  • The Legal Week Daily News Alert, Editor’s Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
  • Optimized access on all of your devices: desktop, tablet and mobile
  • Complete access to the site’s full archive of more than 56,000 articles

Subscribe Now For All Access

For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651