Growing pains: ongoing investment sees PEP at Penningtons Manches tumble 16% Kathryn McCann28 July 2016Financial results Sustained investment and the costs of bedding down a merger impacted on profits at Penningtons Manches, which posted a lift in revenue but a tumble in profits per equity partner (PEP) for the financial year 2015/16.Your limit of 1 article in 30 days is up. Please login for full access or subscribe. Corporate users - click here for simple access (no password needed). For more information, please contact [email protected] Related ContentMore in this categoryRevolving Doors: Latham swipes German transactions team from Freshfields as Ropes rebuilds in private equity‘Status quo is not an option’ – leading fin reg lawyers gather to debate future enforcement challengesOsborne Clarke posts record international revenues, with Penningtons Manches Cooper and Burness Paull also notching steady growthBCLP revenue bounces back as McDermott breaks $2bnWhite & Case breaks $3bn revenue barrier while PEP jumps 27%Freshfields US revenues rise 26% as firm breaks £2bn mark for first timeRevolving doors: Simpson Thacher, Latham, Sidley lead New Year London moves‘Seize every opportunity’ – Paul Hastings partner Reena Gogna on City law, Suits and poetryFive partners vie to succeed Hoyland as Simmons managing partner