LG has turned in disappointing end-of-year financial results, revealing static turnover and a drop in partner profits at the mid-tier City firm.

The top 50 UK outfit – known as Lawrence Graham before its rebranding as LG earlier this year – has seen turnover remain flat at £66m, while average profits per equity partner (PEP) dropped by 7.5% from last year’s figure of £465,000 to a new mark of £430,000.