Dechert financial year yields positive growth
Dechert released its financial figures recently, which showed steady positive growth over the past year. Revenues for the firm increased 6 percent, growing from $839.4m to $890.2m. Not all offices showed revenue growth, however.
In London, revenues fell £2m to £67m. The fall did not hurt the firm entirely, as UK profits managed to grow regardless of London's revenue fall, from £27.7m to £29.1m – a 5 percent increase.
The firm's average profit per equity partner grew 8.5 percent, bringing the firm's PEP up from $2.32m to $2.5m.
Overall, the firm had more partners join worldwide than it had partners leave, with a net gain of four partners.