Norton Rose reports 6 per cent drop in PEP

Norton Rose has released figures for the 2009-10 financial year, revealing a 6 per cent drop in average profit per equity partner to £486,000. The firm’s equity partnership saw a drop of 17 per cent dip last year. Chief executive Peter Martyr said that the drop in partner profits could be attributed to the size of the equity partnership – which grew by 10 per cent this year from 172 to 190 equity partners.

Norton Rose reports 6 per cent drop in PEP thelawyer.com Wed, Jul 7, 2010