Eversheds has posted a 28% increase in profits per equity partner (PEP) as the firm becomes the first of the UK top 10 to release its 2009-10 financial results.

PEP rose to £517,000 from last year’s figure of £404,000, while total profits also grew by 20%, with all staff and lawyers set to receive a £1,000 firmwide bonus payout in August.