Ashurst records 3% rise in PEP and 6% rise in revenues

Ashurst has boosted its profits per equity partner by 3 per cent in the 2011-12 financial year, with equity partners taking home an average of £744,000. The firm’s net profit increased by 5 per cent in the same period to reach £112 million, with revenues rising by 6 per cent to reach £322 million. Newly appointed managing partner James Collis said: “The period of change we have been through in the last few years has both strengthened our business and further allowed us to take advantage of the opportunities that these times still bring, whilst keeping the firm debt free. We are confident that there is much more we will achieve in the financial year ahead."

Ashurst records 3% rise in PEP and 6% rise in revenues legalweek.com Wed, Jul 4, 2012