Stephenson Harwood’s revenue has grown 12% to £213 million – breaking through the £200 million barrier for the first time.

The firm’s financials for 2018-19 also show that profit per equity partner (PEP) has recovered from a two-year slump, ticking up by 9% to £727,000. However, the figure is yet to return to the £774,000 it hit in 2015-16.