PEP figures rocket at Shaw Pittman

Hoare, Steve
February 2005
Lawyer;2/21/2005, Vol. 19 Issue 7, p3
Trade Publication
This article reports that the company Shaw Pittman LLP has reported a 34.5 per cent hike in profit per equity partner (PEP) to $740,000 ahead of its merger with Pillsbury Winthrop. This sees the firm significantly close the profit gap with Pillsbury, which has itself revamped its compensation system to shore up profit. Shaw Pittman's PEP shot up following a rash of departing partners. Gross revenues were up just 1.3 per cent to $192m. Meanwhile, Pillsbury has extended its lower two tiers of partners, who are on a fixed payment scheme, to four tiers


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