Cripps boosts PEP by 23 per cent

Kent firm Cripps Harries Hall has increased its average profit per equity partner (PEP) by 23 per cent. The firm’s 2006-07 year-end figures show that PEP has risen by £36,000 to hit £191,000 from £155,000 in 2005-06.

•Kent firm Cripps Harries Hall has increased its average profit per equity partner (PEP) by 23 per cent. The firm’s 2006-07 year-end figures show that PEP has risen by £36,000 to hit £191,000 from £155,000 in 2005-06. Turnover has increased by 12 per cent to reach £17.6m after last year’s £16.2m, with the firm’s real estate, property investment and management groups the strongest performers, all increasing turnover by 48 per cent. Managing partner Jonathan Denny said: “In the second financial year, following major organisational change, we’re very pleased that the firm has continued to grow strongly.” Cripps dropped out of The Lawyer UK 100 into The Rising 50 after a 16 per cent dip in turnover following the sale of wealth management arm Cripps Portfolio in January 2006.