BLP's PEP slides to £414,000 as revenue remains steady
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Berwin Leighton Paisner’s average profit per equity partner (PEP) figure fell 33 per cent on last year’s total of £620,000, down to £414,000.
Equity partners at Berwin Leighton Paisner (BLP) will take home an average of £414,000 this year after the firm’s profit per equity partner (PEP) figure fell 33 per cent on last year’s total of £620,000.
The firm brought in revenues of £180m for the 2008-09 financial year including work-in-progress, which represents a three per cent drop on the 2007-08 total of £185m.
In terms of practice areas, real estate and corporate experienced a dip in income this year while, as previously reported in The Lawyer (26 January 2009) restructuring and insolvency helped bolster the firm’s coffers.
Banking and capital markets and tax and dispute resolution also experienced growth.
A third of fee income is reported to have an international element. BLP opened in Abu Dhabi and Moscow (19 January 2009) during the course of the financial year.
Readers' comments (2)
Anonymous | 16-Jul-2009 4:32 pm
Because various star lateral hires are on guaranteed million pound plus packages, the £414,000 presumably significantly overstates the PEP of the "indigenous" partners.
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Anonymous | 17-Jul-2009 2:29 pm
Not really. Depends on how many packages there are versus the total number of Partners. A handful of million pound packages won't have the effect you sugest.
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