Field Fisher Waterhouse has posted an 8% fall in average equity partner profits and a 3% rise in turnover for the last financial year as the UK’s band of specialist technology advisers gear up to face further pressure on their bottom line.

The results see average partner profits at the London firm down from £315,000 to £290,000 in its 2002-03 financial year, while turnover rose from £42.5m to £43.9m.