Osborne Clarke (OC) has unveiled a 19% rise in partner profits during 2004-05 as the Bristol giant continues its post-tech crash revival.

OC posted total profits of £24m, an annual increase of 27%, with average profits per equity partner (PEP) up to £360,000 from last year’s £303,000, representing a 19% rise in average partner profits. It is the second year running that PEP have risen sharply at the top 50 UK firm.