Finers reports hefty rise in partner profits

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.”