White & Case PEP bonanza augurs 20 per cent profit hike” />The London office of White & Case is predicting another year of double-digit growth for 2007, on top of posting a massive 67 per cent hike in average profit per equity partner (PEP) for 2006.
London senior partner Peter Finlay told The Lawyer that he is predicting growth of 20 per cent by the end of the year. “I know with such large growth last year the test is even harder. And also it’s so early in the year, but so far we’re on target for 20 per cent growth,” said Finlay.
For 2006 the London office reported a 38 per cent increase in revenue to hit $172.2m (£93.48m), up from $124.7m (£68.52m) in 2005, as revealed by The Lawyer (12 February). PEP skyrocketed by 67 per cent to £693,000. A 20 per cent rise would take office turnover to £112m and PEP to £832,000.
Finlay said the office had had its busiest January to date based on volume of work.
As reported by The Lawyer (5 March), the firm landed its first corporate instruction from Egyptian magnate Naguib Sawiris on the £2.28bn purchase of Greek mobile phone operator Tim Hellas by Sawiris’s Weather Investments, led by London-based partners Mats Sacklén and David Eisenberg.