Clifford Chance's PEP drops from £1.156m to £733,000

July 1, 2009 Clifford Chance saw its profits per equity partner (PEP) slide by 37%, plummeting from £1.156m to £733,000 in the 2008-09 financial year. Revenues were down 5 per cent from £1.33bn to £1.26bn.

London and the Middle East accounted for around 39% of turnover, while Europe brought in around 41%.

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