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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
18 November 2025

Why GCs are turning to AI to navigate a new era of legal risk
A year ago, legal departments were cautiously curious about generative artificial intelligence (AI). Today, they’re eagerly embedding it into their operations.
17 November 2025

How law firms can capitalise on interest from US private equity
Private equity interest is being driven by US houses, which see UK firms as an attractive route to growth in Europe’s mature professional services market.
14 November 2025

Beyond the findings: building a healthier future for Life in the Law
Life in the Law 2025 shows that many of the challenges found in the 2021 report remain, but it also offers a clear direction for how we can do better.
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- 20/11/2025
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Associate News
ARAG UK picks up global award for AI Legal Assistant Innovation of the Year
OneAdvanced launches UK’s first legal compliance AI agents designed to combine file reviews and matter quality
Empowering Law Firm Leaders Podcast: How to be a successful compliance officer
How direct access barristers can accept fees on account – without holding client money
Beyond phone hacking: new challenges in media law
Training and governance gaps leave firms exposed under new data regime
Women in clinical negligence: Part 3







