Why you should avoid the distractions of the annual financial reporting round

In an article for Managing Partner, Ian Jeffery discusses the first sets of annual results coming out of the UK's leading law firms for the financial year 11/12 and how prominence is often given to short term measures, such as profit per equity partner (PEP).

Ian believes that, for mid-size firms at least, it's better to value stability than record attainment in any given year, whilst PEP, with its deceptive simplicity, is not quite as useful a tool as it may seem.

You can read Ian's article in full on the Managing Partner website here.