Profits are falling and costs are rising. On the latest episode of The Lawyer Podcast, the team chat about why profit isn’t a dirty word:

  • Love it or hate it, PEP is part of a firm’s branding and the status of its lawyers;
  • Profit matters for firms’ long-term health and investment;
  • Would-be partners should use PEP in tandem with intel on capital requirements to know what they’re letting themselves in for
  • Freshfields is deluded if it thinks it can ignore PEP as a metric – especially in the US

For all this and more, the 2023 annual UK200 report on the UK Signal Channel, sponsored by Thomson Reuters. is out now. Read it here.

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