Burges Salmon slows PEP decrease and bumps up revenue
Burges Salmon has posted middling 2017/18 financial results, with revenue receiving a modest bump and profit per equity partner (PEP) dipping for the second year in a row.
The Bristol-based firm’s turnover rose by 3% to reach £90m, while its PEP sank by 2% from £435,000 to £430,000. Though still a loss the figure is actually an improvement on last year’s more serious 17% drop from £523,000.
In his first year in leadership since taking over from Peter Morris earlier this year, managing partner Roger Bull highlighted “significant growth” in certain key sectors in the last year despite a “challenging market.”