Dentons reports flat profit and PEP after merger
Dentons has made it’s first financial report since the three way merger between SNR Denton, Salans and Canada's Fraser Milner Casgrain earlier this year. The figures show broadly flat revenues and profit per equity partner (PEP).
Combining figures from each part of the Swiss verein, the firm had net profit of £225.2m, a PEP of £452,000, and a total revenue of £829.7m, placing it among the top 20 global law firms by total earnings. The firm says the revenue figures grew by 1% on last year’s numbers, while PEP is down by 1%.
The firm declined to provide a geographic breakdown of performance, with UKMEA CEO Matthew Jones saying: "We've combined to form a single, global firm, so we're not breaking down our figures by region."