Eversheds PEP falls by 27 per cent as revenue drops to £366m
The financial cost of funding three rounds of redundancies has seen Eversheds’ average profit per equity partner (PEP) figure drop by 26.8 per cent over the last year while revenues have fallen by six per cent.
The firm’s PEP figure fell from £552,000 in 2007-08 to £404,000 during the last financial year. Turnover dropped from £390m to £366m.
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