Weightmans boosts PEP by 18.5% as revenues remain flat

Financial results come after end of merger talks with Ward Hadaway

Weightmans has boosted profit per equity partner (PEP) by 18.5% as revenues hold steady, following a financial year that saw failed merger talks with Newcastle-based Ward Hadaway.

The firm’s PEP has risen to £295,000, up from last year’s figure of £248,000, while turnover has inched downwards to £95m after reaching a record high of £95.1m last year. Net profit has risen 21% to £11m.

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