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INTERNACIONAL
Denton Wilde Sapte's profitability has increased by 22%, delivering Profit Per Equity Partner (PEP) of £360k and revenue per partner of £970k at the end of the 2009-10 financial year, the firm announced today. The firm also produced almost the same amount of revenue as in the 2008-09 financial year, with improved productivity supplying 7.5% more revenue per lawyer. "I am proud of the firm's efforts over the past financial year, and especially that our lawyers managed to increase their productivity and hit last year's total revenue, despite a reduction in their overall number," says Chief Executive Howard Morris. "The firm is in good shape for the future and we expect to benefit from our strategic strengths in selected emerging markets and sectors experiencing growth in these conditions, such as energy, TMT and financial institutions," adds Howard. The international network accounted for 31% of the firm's total revenue, with revenue in the Middle East regional network growing by 11%. Summary of Key Financial Data (all figures global)
2008/9
2009/10
% Change
Revenue (£m)
169.8
167.5
▼ 1%
Profit (£m)
25.8
31.4
▲22%
Profit per Equity Partner (£k)
300
360
▲20%
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