For the record..

In last week’s Lawyer News Weekly email, due to a technological hitch, Grape-vine incorrectly stated that Stephenson Harwood suffered a 33 per cent drop in profit per equity partner (PEP). In fact, the firm boosted profitability for the second year in a row, posting a 20 per cent PEP hike to £280,000, after a 17 per cent rise in 2003-04. We are happy to set the record straight.