Salans' record year sees PEP double

Salans is set to double its average profit per equity partner (PEP) to more than £850,000 after a record year in which revenue was boosted by more than a third to hit an estimated $280m (£143m). The firm, which reports on a calendar year, managed to hike its turnover by $73m (£37m), or 35 per cent. At the same time Salans' profit margin was up to 36 per cent from 22 per cent the year before, meaning the firm made just more than $100m (£51.1m) in profit.

Salans' record year sees PEP double thelawyer.com Tue, Jan 15, 2008