PEP growth at US top 10 outpaces UK rivals by 50% over five years as earnings gap widens

The US top 10 have increased PEP by an average of 24.7% over the last five years, compared with just 15.7% at their UK counterparts

New research from Legal Week highlights the mountain that UK firms need to climb in order to compete for talent in a global marketplace, with partner profits at the top 10 US firms growing by roughly 50% more than their equivalent UK rivals over the last five years.

Data from Legal Week‘s UK Top 50 and The American Lawyer‘s Global 100 rankings shows that the 10 largest UK firms by revenue have increased profit per equity partner (PEP) by an average of 15.7% during the last five years, compared with 24.7% across the 10 largest US firms.

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