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Firmwide, White & Case had an outstanding year, with turnover jumping by 13 per cent to £644.02m and average PEP by a very healthy 21 per cent to more
But the London office put even these impressive results in the shade by announcing a staggering 67 per cent hike in PEP to £693,000 and a 38 per cent increase in turnover.
All practice areas grew, according to London senior partner Peter Finlay. Notable instructions in 2006 included advising the banks on the £7.4bn financing for the cash portion of Mittal Steel’s £17.6bn acquisition of French rival Arcelor.
The dramatic results are due partly to a poor performance in 2005, which was a result of an expensive office move and a lateral hiring spree.
Not that this has abated in 2006, with some notable partner hires in London including new co-head of corporate Philip Broke from Ashurst.