Memery Crystal's turnover up by 8 per cent

Memery Crystal has boosted its turnover by £1m this year to hit £13.9m, but average profit per equity partner (PEP) inched up by just £2,000 to £520,000 after a slower year on its key market, AIM.

The revenue rise is equivalent to 8 per cent, but the final figures are yet to be audited because the firm converted to an LLP this year.

Memery Crystal managing partner Harvey Rands said: "We've seen revenue rise with a variety of activities. The AIM market was a bit more difficult, but we had more corporate and M&A. Our other areas, such as litigation, employment and IP all contributed."

The firm has invested in new IT and practice management systems and blamed the increased costs for the small increase in PEP.