Ashurst has confirmed its profits per equity partner (PEP) figure for 2011-12, with the firm posting a 3% increase to reach £744,000.

The PEP figure, which was announced today (4 July), comes on the back of a 5% rise in net profit, which stood at £112m for the most recent financial year. The firm posted an equivalent figure of £107m for 2010-11.