Reed Smith has unveiled double-digit growth in both revenue and profits per equity partner (PEP) in its last set of financial figures before its merger with Richards Butler.

The firm posted a 14% rise in turnover for 2006 to gross $644m (£332m), while PEP was hit $941,000 (£486,000) – up 17% from a mark of $800,000 (412,000) the year before.