CC predicts profit points will bounce back after fall in PEP

Partners at Clifford Chance are anticipating a profit per point uplift of around 25 per cent at the half-year stage following a year when average profit per equity partner (PEP) at the firm slumped by 37 per cent. At the end of the 2008-09 financial year an equity point at the magic circle firm was worth £8,700, down from £13,200 the previous year. Sources at the firm said early indications suggest that each equity point will be worth around £11,000 at the end of ­October, which is halfway through the firm’s financial year.

CC predicts profit points will bounce back after fall in PEP thelawyer.com Mon, Nov 2, 2009