Profits per equity partner (PEP) at Bird & Bird has jumped by almost 12.5% from last year’s mark of £458,000 to £515,000.

The top 25 law firm’s PEP announcement follows the news of the firm’s stellar financial results late last month that saw a hike in turnover of almost 25% to £143m, which equates to a £27.4m increase on last year’s figure of £115.6m.