PwC Raises UK Partner Pay to £1 Million for First Time

PricewaterhouseCoopers partners in the UK were paid an average of £1 million ($1.2 million) for the first time thanks to a rebound in consulting activity and the sale of part of the business.

The professional services company said on Thursday that its revenue in the UK and Middle East grew 12% to £5 billion in the year through June. This was helped by a 33% jump in revenue from consulting, which overtook audit to become the group’s biggest business area.

The firm said it made its biggest investment in staff pay in a decade, with half of its 24,000 workers ...