Regional firm Ward Hadaway has posted its financial results for 2007-08, unveiling a 13% increase in turnover for the last 12 months.

The Newcastle-based practice increased its turnover to £28m in the last financial year, up from the £25.1m posted in 2006-07. The firm saw a slight increase in its profits per equity partner, meanwhile, which rose 2.5% from last year’s figure of £405,000 to a new high of £415,000.