Shoosmiths profit up 17 per cent while PEP remains flat

July 6, 2017 Shoosmiths has announced its financial results for the 2016/17 year, reporting profit of £29.3m. The figure represents a 17 per cent increase over the previous year’s figure of £24.3m.

Turnover grew by 9 percent, increasing from £107m to £116.7m. Profit per equity partner (PEP) remained somewhat constant, with a modest increase of £1,000 to £366,000. The firm hired 20 new partners during the past year, including four full-equity partners.

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