South East

Partners at smaller firms in the South East and London were disheartened recently by research showing that they earn less than their counterparts in the East Midlands, Yorkshire and the North East.

The annual Financial Benchmarking Survey, conducted by the Law Society’s law management section and published in late April, found that South East firms with 30 partners or fewer have a median profit per equity partner (PEP) of £117,053 – more than £10,000 short of the average PEP of £129,199 in the other regions examined.

This South East Special Report examines how property lawyers can capitalise on another South East economic problem – the lack of affordable housing.

The report is continued on www.thelawyer.com, where a further article reveals how South East firms can cash in on the region’s boom in owner-managed businesses.