Weil doubles profit as US firms excel in London

Weil Gotshal & Manges' London office has thrown down the gauntlet to its rivals by reporting a doubling of its profit in what looks set to be a record year for US firms. Weil doubled average profit per equity partner (PEP) from £700,000 in 2006 to £1.35m in 2007. Despite market volatility during the past six months of the year, turnover in London was up by 6.5 per cent, from £53.5m to £57m.