Dechert PEP increases by 2 per cent while revenue grows 3 per cent
Dechert has revealed its global financial results, indicating an increase of profit per equity partner (PEP) by 2 per cent to $2.55m. The firm’s global revenue stands at $911.6m, an increase of 3 per cent. London saw the highest increase in turnover among the firm’s global network, with an increase of 28 per cent in sterling.
This year’s increase in PEP is lower than 2016, when PEP grew 8.5 per cent to $2.5m from $2.32m in 2015. The firm’s total number of lawyers increased by 4 per cent from 884 to 916 globally.