Clyde & Co has posted a 17% increase in turnover and a 5% rise in profits per equity partner (PEP) following its first full year of trading since its merger with Barlow Lyde & Gilbert.

The firm has posted turnover of £337m for the 2012-13 financial year, up from the figure of £287m recorded last year, with PEP rising from £550,000 to £580,000.