Mid-market stars DLA and Berwin Leighton Paisner (BLP) are predicting an average profit per partner (PEP) figure of over 500,000 as both post double-digit turnover growth in the first half of the year.
DLA has recorded the best first half-year in its history, with revenues shooting up 23.5 per cent to 145.7m. DLA sources are predicting to break the half-million profits barrier for the first time and are expecting a 13 per cent rise in average PEP, from 475,000 to 540,000.
BLP sources also predict average PEP over 500,000 for the first time if the current increase is sustained. The firm recorded a turnover hike for the first six months of 15 per cent to 58m. End-of-year profits are projected to rise by over 20 per cent to break 500,000.
SJ Berwin also had a strong first half, with turnover up 5 per cent to 51m and average profits projected to be up by at least 10 per cent to 560,000.