Shoosmiths boosts PEP by 16 per cent

Shoosmiths posted profit per equity partner (PEP) of £396,000, marking the firm’s fifth consecutive year of profit increase. The 2005-06 financial year saw PEP up 16 per cent on £342,000 for the 2004-05 financial year. Turnover was up 23 per cent on last year, from £60.8m in 2004-05 to £74.7m for 2005-06.