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: Sidley raids Latham again as Fried Frank taps Kirkland for latest London hireRevolving 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 challengesBCLP 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 movesFive partners vie to succeed Hoyland as Simmons managing partner‘Seize every opportunity’ – Paul Hastings partner Reena Gogna on City law, Suits and poetry