Dentons' "unreported" PEP comes in very high
Dentons’ decision to stop reporting profit per equity partner and profit figures was justified on the basis that it had the potential to distort the professional service priorities of the firm, that it was meaningless in the context of a globalised firm, and that it could be damaging to client relations.
But things have gotten interesting since the announcement, with Legal Week reporting that internal reports show PEP in the firm's UK, Middle East and Africa limited liability partnership (LLP) increased by almost a quarter in 2013-14. PEP grew to £407,000 last year, which is a 23% increase on 2012-13.
Could Dentons have made the decision to stop broadcasting PEP figures now because the latest figures are unpalatably high?