Macfarlanes has seen profits per equity partner (PEP) jump 20% this year, marking the firm’s highest PEP figure since 2008.

PEP at the City firm has climbed to £903,000, up from £752,000 last year, while revenue has also grown 8% to £102.2m over the last 12 months, up from last year’s figure of £94.7m.