Nabarro set to smash £500k PEP target

Nabarro boosted turnover by 13 per cent and expects a 20-plus percentage increase in average profit per equity partner (PEP).

If the firm has achieved its increase in PEP it will have reached its goal of achieving £500,000 by the end of the 2006/2007 financial year. Last year PEP stood at £451,000.

Nabarro senior partner Simon Johnston said: “We had a very aggressive budget from the previous year and we actually managed to do much better than we expected. We have seen strong growth across the firm and real estate and corporate have done very well.”

Turnover has increased from £107.3m to £121m. This initial figure does not take into account the impact of reporting standard FRS5.