Paul Hastings' PEP broke $2m mark in 2012

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  • PEP is up because they stealthly let go many people in various offices...

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  • Yes, that's the market feeling. But it's not the sort of place they would have expected to be kept on. I'm not sure the senior management would expect to inspire loyalty or affection either.

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  • TDewey isn't alone in producing made for Law Journal profit figures. Tell me meaningful figures (like profits per partner, not profits per equity partner - a completely fudged figure) or don't tell me anything.

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  • Looks like the fightback against 'phoney figures' has finally started to build momentum from the comments above. About time too. It's ridiculous that nearly $1bn legal businesses can massage their figures and publish whatever makes them look good. It's not good for the people who work there, nor the industry as a whole. Time for transparency.

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