Pinsents’ merger pays off with 40 per cent PEP hike

Pinsent Masons has had a phenomenal first half to the year as a merged firm, with its average profit per equity partner (PEP) expected to leap by more than 40 per cent by the year’s end.

The firm set the ambitious budget of boosting its PEP by 40 per cent, from £234,000 to a much more respectable £328,000, and it is on budget to smash through that target.

“Our order books are full, the combination has been fantastic and there have been many benefits,” said managing partner David Ryan.

Revenue is up 12 per cent to £80m for the first six months of the year, compared with the £71.4m the two firms brought in separately during the first six months of the last financial year.

Ryan pointed to the outsourcing, technology and communications team as one of the groups that had particularly benefited from the merger.