Mayer Brown London revenues up 8 per cent” />The London office of Mayer Brown managed to weather the economic downturn reasonably well in 2008, posting a revenue rise of 8 per cent to hit £111.6m.
Globally the firm saw revenues rise by 9.4 per cent to $1.29bn (£870m) although its average profit per equity partner (PEP) figure slumped 10.5 per cent to $1.11m (£760,000).
The firm declined to release profit figures for the London office.
The 2008 revenue figures compare favourably with the firm’s 2007 performance, when global revenues were up by 9 per cent. The profit figure is a reversal of fortunes, however, with last year’s PEP figure also rising by 9 per cent (14 February 2008).
In November Mayer Brown launched a redundancy consultation for 11 lawyers working in its London office. The move was part of a global cost-cutting drive which has seen 33 lawyers axed in the US.