Halliwells has unveiled a robust financial performance for 2004-05 with profits-per-equity partner (PEP) up 15% as the Manchester-based firm reaps the benefits of 12 months of expansion.

The top 50 UK firm saw PEP hit £425,000, up from the previous year’s £370,000, with Halliwells achieving a profit margin of 32% on its annual turnover of £50m. Total fee income was up 22% against the firm’s 2003-04 tally of £41m.