Law firms

Financial results 2013/14: Olswang suffers further drop in PEP to £490k with turnover up 7% to £117.6m

Olswang has reported mixed 2013/14 financial results with profit per equity partner (PEP) down 4%, following a double-digit drop last year, while revenue is up 7% to £117.6m.

While the financial results are subject to audit, the global technology, media and telecoms firm said its PEP will decline to £490,000 from the £510,000 achieved in 2012/13. This figure comes after last year’s LB100 showed that PEP fell 10% on 2011/12 financial year.

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