Trowers & Hamlins has seen a dip in profits per equity partner (PEP) of 14% over the last year on the back of a drop in revenues and net profit. PEP for the 2012-13 year has slipped from £358,00 to £307,000 over the year, with net profit at the firm dropping 23% from £18.8m to £14.5m. Meanwhile the firm's revenue fell by 3% from £80.8m to £78.3m globally. The UK arm’s net profit fell from £20.1m last year to £15.8m, marking a 21% drop in figures. Those at the top end of the equity earned £412,000, down by 17% on £496,000, while those at the bottom saw salaries fall by the same percentage from £198,000 to £165,000.
July 09, 2013 at 06:48 AM
1 minute read
The original version of this story was published on Legalweek
Trowers & Hamlins has seen a dip in profits per equity partner (PEP) of 14% over the last year on the back of a drop in revenues and net profit.
PEP for the 2012-13 year has slipped from £358,00 to £307,000 over the year, with net profit at the firm dropping 23% from £18.8m to £14.5m.
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