Foot Anstey had another strong year in 2006-07, posting a growth in turnover of 11 per cent to £16m.
Average profit per equity partner at the West Country firm performed even better, rising by 24 per cent to £182,000, with a net profit of £3.6m. The equity spread last year ran from £137,000 to £227,000.
As a result of its impressive figures, the firm’s staff all shared in a bonus pot totalling £120,000.
Managing partner Jane Lister said the bonus recognised the fact that Foot Anstey’s recent growth was the result of “the determination and commitment” of all the firm’s staff to respond to client needs “positively and effectively”.
“Continuing this approach is essential if we’re to continue to expand and to recruit high-calibre staff,” added Lister.
Foot Anstey has 28 partners, 20 of whom are full equity, across its offices in Exeter, Plymouth and Taunton. The firm’s seven-partner property group was its largest last year, contributing 33 per cent of total revenue.
Foot Anstey was recently appointed as adviser to Which? magazine, while recent deals include acting for Peter de Savary in the £26.4m sale of hotel and golf course complex Bovey Castle.