Berwin Leighton Paisner (BLP) has announced improved financial results for 2009-10 after the firm’s profits dropped by a third last year.

The UK top 20 firm has estimated that average profits per equity partner (PEP) will stand at £455,000 based on this year’s financial results, up 9.9% from 2008-09 when PEP fell by 33.2% to £414,000.