Average profits per equity partner at the big four Scots firm rose 16% from last year’s figure of £240,000 to hit a new mark of £279,000.

Meanwhile, fee income broke the £50m barrier for the first time after the firm posted a 15% climb in revenue to reach a total of £52.1m, up from £45.4m for the previous financial year. Total profits surged by 18% to reach £13m.