Nabarro has reported a 9.7% drop in revenue for the 2008-09 financial year while profits per equity partner (PEP) have fallen by 35%.

Unaudited figures from the firm show that revenue for the last financial year stood at £126.5m, down from last year’s equivalent figure of £140.1m. PEP fell to £375,000, down from last year’s equivalent figure of £574,000.