McDermott reports turnover increase and PEP decrease

McDermott Will & Emery has released its financial results for 2016, showing an rise in turnover, which increased by 2.3 per cent to £22.9m for the year. Net profit rose 2 per cent from £9.6m to £9.8m. Meanwhile, average profit per equity partner (PEP) fell by 9 per cent from £383,000 in 2015 to £348,000. The London location reported billings of £7.75m, an increase over the previous year’s figure of £7.2m. London managing partner Andrew Vergunst said the office has expanded its key practice areas, as well as developed new practice areas.

McDermott reports turnover increase and PEP decrease thelawyer.com Mon, Oct 16, 2017