Olswang has become one of the first UK top 50 firms to announce its 2011-12 financial results, with the firm posting an impressive 17% rise in revenue to take it over the £100m mark.

Turnover has risen to £108.1m this year, up from £92.6m in 2010-11, with the firm expecting to post profits per equity partner (PEP) of £530,000 – up 22% on the previous year’s figure of £435,000. The final PEP figure is still subject to audit.