Field Fisher Waterhouse has posted a 7.6% decline in profits per equity partner (PEP) for 2009-10, with profits falling from £515,000 in 2008-09 to £476,000 for the last financial year.

The UK top 30 firm’s turnover also saw a decrease on last year, falling 3.2% from £95m to £92m this year, while net profit fell from £20.2m to £16.7m – a drop of 17.3%.