Law firms

PEP passes $4m at Winston & Strawn in final financial results before Taylor Wessing merger

PEP passes $4m at Winston & Strawn in final financial results before Taylor Wessing merger

Winston & Strawn has posted steady growth in its final set of financial results ahead of its merger with the UK arm of Taylor Wessing, set to go live in May, with an 8% increase taking its top line to $1.37bn.

Profit per equity partner (PEP) was 15% to $4.05m – crossing the $4m mark for the first time, and up from $3.5m in last year’s results. Net income rose 6.4% to $436.5m, while average partner compensation climbed nearly 9% to $2.04m, and revenue per lawyer was up 8.3% to $1.48m.

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