Herbert Smith has announced its 2010-11 financial results, with the firm posting increases in both revenue and profits per equity partner (PEP), as well as a near 30% hike in Asia turnover.

The firm saw revenues increase by 3.4% during the year to £465m, up from £449.9m, while PEP climbed 4.4% to £900,000 from last year’s figure of £862,000.