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<blockquote data-quote="Alice G" data-source="post: 13893" data-attributes="member: 1160"><p>Hi everyone,</p><p></p><p>We are going to start picking this back up again so here is the first article I have to post for you all! It is short but sweet and we will be posting similar legal news updates each Friday so keep a look out!</p><p></p><p></p><p><strong>The Lawyer: UK200: Two more firms join the £1m PEP club </strong>(20th September 2019)</p><p></p><p>DLA Piper and Hogan Lovells are new entrants into the ‘millionaire club’ of law firms whose profits per equity partner (PEP) exceed the £1m mark. This means that 12 firms this year can lay claim to such an achievement as opposed to 10 last year.</p><p></p><p>PEP figures for these 12 UK firms are as follows:</p><p></p><p>1. Slaughter and May - £2.6m</p><p></p><p>2. Freshfields - £1.84m</p><p></p><p>3. Macfarlanes - £1.73m</p><p></p><p>4. Linklaters - £1.69m</p><p></p><p>5. Allen & Overy - £1.66m</p><p></p><p>6. Clifford Chance £1.62m</p><p></p><p>7. Travers Smith - £1.25m</p><p></p><p>8. Dickson Minto - £1.25m</p><p></p><p>9. Stewarts - £1.21m</p><p></p><p>10. DLA Piper - £1.07m</p><p></p><p>11. Hogan Lovells - £1.04m</p><p></p><p>12. Mishcon de Reya - £1m</p><p></p><p>39 UK firms have also reported PEPs of over £500,000 which is also two up from last year. Despite these improvements, it is believed that this financial year will be much more worrisome for law firms and it is possible that these PEP figures will be more modest as a result.</p></blockquote><p></p>
[QUOTE="Alice G, post: 13893, member: 1160"] Hi everyone, We are going to start picking this back up again so here is the first article I have to post for you all! It is short but sweet and we will be posting similar legal news updates each Friday so keep a look out! [B]The Lawyer: UK200: Two more firms join the £1m PEP club [/B](20th September 2019) DLA Piper and Hogan Lovells are new entrants into the ‘millionaire club’ of law firms whose profits per equity partner (PEP) exceed the £1m mark. This means that 12 firms this year can lay claim to such an achievement as opposed to 10 last year. PEP figures for these 12 UK firms are as follows: 1. Slaughter and May - £2.6m 2. Freshfields - £1.84m 3. Macfarlanes - £1.73m 4. Linklaters - £1.69m 5. Allen & Overy - £1.66m 6. Clifford Chance £1.62m 7. Travers Smith - £1.25m 8. Dickson Minto - £1.25m 9. Stewarts - £1.21m 10. DLA Piper - £1.07m 11. Hogan Lovells - £1.04m 12. Mishcon de Reya - £1m 39 UK firms have also reported PEPs of over £500,000 which is also two up from last year. Despite these improvements, it is believed that this financial year will be much more worrisome for law firms and it is possible that these PEP figures will be more modest as a result. [/QUOTE]
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