Ashurst Morris Crisp has posted a 6.5% increase in turnover from £185m to £197m for its latest financial year, with average partner profits down 2% from £600,000 to £590,000.

The results mean partners at the top of Ashursts’ 10-year lockstep will see a 5% fall in annual earnings from £840,000 in 2001/2002 to £800,000, while junior partners will this year draw £320,000.