Osborne Clarke has posted an impressive 27 per cent profit increase for the last financial year. Average profit per equity partner (PEP) at the Bristol-based firm has hit £360,000, up from £303,000 the previous year, while revenues at the firm rose by 8 per cent to £67m. The results follow a period of tight financial management, which saw radical cuts to the firm’s cost base, including a wave of staff and lawyer redundancies, property savings and improved working capital management. First revealed on www.thelawyer.com 16 May