Withers saw profit per equity partner (PEP) enjoy a hefty rise over 2019/20, with a period of international expansion beginning to bear fruit at the top-30 LB100 firm. Revenue, meanwhile, enjoyed a double-digit rise as the firm steels itself for a ‘volatile’ year ahead.
PEP enjoyed a striking 41% hike to £501,000, up from £354,000 last year when partner profits endured a 12% drop, although the firm’s equity ranks did shrink by five partners across 2019/20. Overall profit now stands at £42.1m, a 34% increase, while revenues enjoyed a 14% rise to £219m, up from £193.2m.
