Latham posts ‘record year’

Latham & Watkins has posted a 14 per cent rise in average profit per equity partner (PEP) off the back of a 17 per cent rise in gross revenue for 2005. Average PEP increased from $1.4m (£790,000) in 2004 to $1.6m (£900,000), while revenue grew from $1.2bn (£900,000) to $1.4bn (£790m). London managing partner David Miles (above) told The Lawyer that 2005 had been “a record year” both in the UK and firmwide. First reported on 2 February