Field Fisher Waterhouse has become the latest firm to announce its financial results, with turnover growing by 8% but the firm predicting a slump in profits per equity partner (PEP).

The UK top 40 firm saw revenues rise to £95m during the 2008-09 financial year, up from £88m the previous year. The firm has yet to finalise its PEP figure, but confirmed that it does not expect profits to reach last year’s high of £750,000.