News Banking and finance US & The Americas Latham 2008 revenues projected to slump By The Lawyer 6 February 2009 10:24 13 December 2015 21:53 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer Skeptical 6 February 2009 at 20:50 Something doesn’t compute There is something very wrong about this article. Given the fixed nature of law firm expenses (rent + associate salaries + staff salaries), a given percentage decrease in revenue ALWAYS leads to a BIGGER decline in PEP. This article suggests that Latham revenues are down 20% while PEP is down 14%. I assure you, if revenues are down 20%, then PEP is down WAY more than 20%. The only way this would not be true, is if the equity partner population decreased substantially. Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.