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 jasmine.glass@legalbusiness.co.uk Related ContentMore in this categoryRevolving Doors: clutch of firms including Ashurst, Penningtons Manches and White & Case make key hiresInternational ambitions: Penningtons Manches launches office in San FranciscoFinancials 2013/14: Penningtons Manches, Lewis Silkin and Farrer & Co post resultsBCLP 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