Paul Hastings PEP rises 4 per cent while revenue grows 2 per cent
Paul Hastings has released its latest financial results, reporting increases in profit per equity partner (PEP) and turnover. Average profit per equity partner stands at $2.6m, an increase of 4 per cent over 2016.
Although revenue grew from $1.06bn to $1.07bn, the 2 per cent increase represents a slower growth rate compared to 2015, when turnover rose by almost 6 per cent.
Revenue per lawyer increased slightly from $1.16m to $1.17m, while the firm’s headcount rose from 912 to 921.