Macfarlanes PEP rebounds with 8% gain as revenue climbs 4%

Firm posts increases in profit and turnover following a sharp drop in PEP for 2015-16

Macfarlanes’ profit per equity partner (PEP) rebounded by almost 8% in 2016-17, after dropping by 16.7% during the previous financial year.

The increase takes the City firm’s PEP up to £1.38m, against a 4% rise in revenue to £167.6m, up from £161.03m in 2015-16 when it remained flat on the previous year. Operating profit in 2016-17 grew by 4% to £85.85m.

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