Ward Hadaway has today (20 June) become the latest firm in the northeast to unveil solid financial results for 2006-07, breaking the £400,000 profits barrier for the first time.

The Newcastle stalwart posted a 16% rise in fee income to hit £25m, up from £21.6m during the equivalent period last year. Average profits per equity partner (PEP) were up by 9% from last year’s £370,000 to reach £405,000 for the year to 30 April.