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PEP at Mishcon returns to pre-recession levels to hit £840k - 2012/13

Posted on 18 July 2013 by Lucy Barton. Source: The Lawyer

Mishcon de Reya has recorded average profit per equity partner (PEP) of £840,000 for the 2012/13 financial year, an increase of 20 per cent on last year’s figure of £700,000.

The results bring three-year profit growth to 87 per cent, from £450,000 in 2009/10 to £840,000 today. It also marks a return to pre-recession figures, when PEP stood at £740,000 in 2007/08 before dropping 39 per cent in the two years that followed.

However during that time the firm has seen turnover rise by a whopping 86 per cent, from £47.5m in 2007/08 to £88.4m for the 2012/13 year (8 May 2013). London turnover accounted for £83.4m.

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