DWS reaps restructuring rewards

Denton Wilde Sapte has boosted its average profit per equity partner (PEP) by an astonishing 37 per cent, due mainly to a restructuring of the firm’s property portfolio and the closure of its Asian offices. PEP has climbed £101,000 to £375,000. This includes a £45,000 boost from the restructuring of the firm’s London property portfolio. In November 2005 the firm signed a new 20-year contract without a break clause with landlord British Land for its offices at 1 Fleet Place, London. Turnover slumped 4 per cent to £147.5m. A number of high-level departures have helped increase PEP, with just 88 equity partners compared with last year’s 104.