Linklaters’ Profit per Equity Partner (PEP) breaks through £1.5m
Linklaters has become the first magic circle firm to announce its 2016-17 results, posting a 7.8% hike in profits per equity partner (PEP) alongside a revenue rise of almost 10%.
The magic circle firm’s PEP has risen to £1.568m, up from £1.455m last year, an increase that came as the firm grew its equity partnership by 1% from an average of 435.7 last year to 440.6 this year.
Total revenues for the 12-month period rose 9.8%, up from £1.31bn to £1.44bn. The firm said the results represent a 1.7% increase at constant currency.