Forsters records best year ever with £487K PEP

Property-based Mayfair firm Forsters has confirmed its best year ever with an average profit per equity partner of £487,000, a rise of 29 per cent.

The 27-partner firm may have also secured itself a first-time spot in the top 100 firms by revenue with a 25 per cent increase in gross fees to £19.9m.

Managing partner Paul Roberts said the figures were a result of the firm's "investment in people" since Forsters launched in 1998. "The number of hires and promotions that we've made is making a difference and these figures show it," he said.

Forsters remains best known for property. Its clients include Westbrook, Moorfield and Shaftesbury and its property team has around 60 lawyers.

Last year, however, also saw the launch of a new civil partnerships practice, headed by partner Julian Washington as an add-on to its private client team.