Macfarlanes celebrates year of great revenue and PEP growth
Macfarlanes has posted its 2017/18 financials, with exceptional increases in both revenue and profit per equity partner (PEP).
The firm’s revenue rose by 20% to £201.5m, while its operating profit saw an even greater increase of 25% to £107m, boasting some of the best figures in the Square Mile. Meanwhile the City firm lifted its PEP by 26% to £1.74m.
Senior partner Charles Martin attributed part of the successful year to the firm’s busy summer, which he said “makes a big difference.” He also pointed to the M&A practice as a sector that “held up surprisingly strongly.”