Pinsent Masons has recorded its first fall in profit per equity partner (PEP) since 2013, with the figure decreasing by £33,000 (5%) in 2018-19 to £620,000.

The firm nevertheless reported a 7% increase in its global turnover to £482 million. The latest results mean the firm has boosted its overall turnover by more than 55% in the past five years.