After years of lacklustre growth, Hogan Lovells has seen a boost in global turnover of 6% up to $1.93bn for 2016. At like-for-like rates the firm said results were up around 8%, while in sterling the firm experienced an almost 20% boon due to the falling pound.
Profit per equity partner (PEP) was static at $1.3m while revenue per lawyer increased only 2% to $738,000 for 2016 from $724,000. The increase was a positive step compared to a previous RPL fall from 2014 to 2015 of 4%.
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