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Average big firm PEP tops £1m but fee income per hour falls
Monday, 20 October 2014Average profit per equity partner (PEP) for the top 10 law firms has exceeded £1m for first time since 2008, reaching £1.03m, while they also recorded a record average profit margin of 40%, PwC has reported.
Tags: profitability, PwC, Top 100
Posted in Finance, Latest news
Blog
27 February 2026

AI and client confidentiality: the next regulatory faultline
The area most likely to expose firms to regulatory jeopardy in 2026 needs far more guidance: client confidentiality in the age of commercial AI systems.
26 February 2026

The UK’s global leadership in lawtech is at risk if women are left behind
Tech has the equivalent of an old boy’s network. That makes it harder for women to break in. It also makes it harder when it comes to networking, finding backers and ultimately clients.
24 February 2026

How legal judgement is shifting in in-house practice
Across UK organisations, legal teams are now involved earlier in decision-making, often before proposals have taken a settled shape.
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