BLP PEP falls 8 per cent
Berwin Leighton Paisner (BLP) has posted an 8 per cent drop in average profit per equity partner (PEP), which fell from £683,000 to £630,000 for the 2016/17 financial year.
Revenue was up 7 per cent, increasing from £254m to £272m.
In response to the Brexit vote in 2016, the firm instituted a pay freeze for lawyer and staff salaries. The freeze was lifted in November 2016, at which point the firm reinstated its annual pay review cycle.
According to BLP managing partner Lisa Mayhew, the firm’s financial results reflect the successes of its international teams throughout the past year.
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