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Travers and Macfarlanes managing partners David Patient and Charles Martin

“Hunky dory” is how Travers Smith managing partner David Patient describes the current mood at his firm, and the same sentiment would largely apply to City peer Macfarlanes, after both posted double-digit increases in revenue and profit per equity partner (PEP) for 2017-18.

Business has been going well for UK top 50 firms across the board, with almost all seeing revenues rise during the past year, but Macfarlanes and Travers in particular stand out as having enjoyed an exceptional 12 months.

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