Finers Stephens Innocent has posted an astounding 45 per cent increase in average profits per equity partner (PEP).
Turnover edged up just 6.5 per cent, to £16m. However, PEP has gone through the roof, exploding to £285,000 for 2003-04 compared to £195,000 in the previous financial year.
Finers managing partner Anthony Barling said: “We’ve kept a tight grip on expenses and it has generally been a very good performance across the firm. We’ve been trying very hard to get the levels of profitability up and I’m very pleased with the results.”