Good times at Mishcon de Reya with 20% PEP jump
Mishcon de Reya has reported a 20 percent leap in average profit per equity partner, growing from £700,000 last year to £840,000 in the 2012/13 financial year.
These figures bring the three-year profit growth to 87 per cent, shooting up from £450,000 in the 2009/10 financial year. The growth brings PEP up through and above pre-recession figures, when PEP stood at £740,000 in 2007/08.
In the last five years the firm has seen revenues grow by a huge 86 per cent, from £47.5m in 2007/08 to £88.4m for the 2012/13 year.