Herbert Smith sees PEP return to 2006-07 levels as turnover nudges up

  • Print
  • Comments (24)

Readers' comments (24)

  • That's pretty lame given over half of their partnership is now non-equity. Guess that means their real profit per partner is £420,000, which is faaaaaarrrrrrrr behind their peer firms. Or what used to be their peer firms!

    Unsuitable or offensive? Report this comment

  • Revenues up 3%.
    Profits down 6%.
    Internet surfing by London corporate partners up 50%.
    Partner satisfaction with Jonathon Scott and David Willis down 75%.
    Number of litigation partners who will be demanding more corporate heads on the chopping block up 100%!

    Unsuitable or offensive? Report this comment

  • Now now. Let's not get all snarky. This decline in profitability is all a part of the master plan. We're going to address the issue by bringing more partners into the ranks of management, writing numerous papers, hiring an outside consultant, opening more offices in far flung regions and socialising the issue so as to not damage our collegial culture. We're calling it Project Wishful Thinking.

    Unsuitable or offensive? Report this comment

  • Bloody good idea Willis! Let's make sure to raise it at the next GPM.

    Unsuitable or offensive? Report this comment

  • Right now I wish I was a partner at Linklaters. Sigh.

    Unsuitable or offensive? Report this comment

  • Oh sure. Report on our profits being down 6%. You missed the real story, which is that our collegiliality is up 6%!

    Unsuitable or offensive? Report this comment

  • I should have voted for Tim Parkes for senior partner. What was I thinking?!?

    Unsuitable or offensive? Report this comment

  • Partnership at Herbert Smith £840,000. Reading these comments, priceless!

    Unsuitable or offensive? Report this comment

  • I hope Freehills got a due diligence out in the merger agreement!

    Unsuitable or offensive? Report this comment

  • I suppose this means the minimum track from non-equity to equity will now be extended again from four years to five years.

    Unsuitable or offensive? Report this comment

View results 10 per page | 20 per page | 50 per page

Have your say

Mandatory Required Fields

Mandatory

Comments that are in breach or potential breach of our terms and conditions in particular clause 8, may not be published or, if published, may subsequently be taken down. In addition we may remove any comment where a complaint is made in respect of it. These actions are at our sole discretion.

  • Print
  • Comments (24)