Under fire

Harris, Joanne
July 2006
Lawyer;7/10/2006, Vol. 20 Issue 27, p21
Trade Publication
The article reports on the decline in the profitability of Cobbetts, a law firm based in Manchester, England. Its projected profit per equity partner (PEP) for 2006 is £190,000. The projected PEP failed to meet managing partner Michael Shaw's target of £225,000. In a bid to raise profitability, Cobbetts implemented a redundancy program which involves the dismissal of 20 salaried and equity partners.


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