Weightmans profits up 21% as turnover remains static

Weightmans has posted a 21 per cent increase in profits for the 2016/17 financial year. Turnover came in at £95m this year, remaining constant with last year’s figure. Profit per equity partner (PEP) rose from £248,000 in 2015/16 to £295,000 in 2016/17 following two years of decline. This year’s financial results are the first for Weightmans since a strategic review that resulted in management and operational changes. Managing partner John Schorah said the firm has not yet fully seen the effects of its recent restructuring efforts.

Weightmans profits up 21% as turnover remains static thelawyer.com Sat, Jul 8, 2017