Nauta’s PEP boosted by partner drop

Nauta Dutilh has revealed a profits rise of 10 per cent for 2005 although revenues at the Dutch giant remained static.

Average profit per equity partner (PEP) rose to EUR440,000 (£302,000) from EUR403,000 (£276,000) last year. Total revenues stood at EUR145m (£99m), the same as in 2004.

The improved PEP is partly due to a reduction in the number of equity partners at Nauta. The firm reduced equity partner number by seven during 2005, from 89 to 82, while total partner numbers dropped from 112 to 95.

Chairman Marc Blom said the increase in PEP was partly due to the reduction in equity partner numbers but said that its core markets of banking and finance and corporate had all performed well, depsite a slow start to the year. He added that the Brussels office had performed particularly well.