South West firms enjoy year-end financial boost

South West-based Clarke Wilmott and Foot Anstey Sargent are both powering ahead after recording increased profits and turnover for the last financial year.

Billings at Clarke Wilmott grew by 22 per cent to £26.7m, translating into average profit per partner (PPP) of £178,000 compared to £138,000 in the previous 12 months.

Clarke Wilmott’s managing partner David Sedgwick attributed the double digit increases to the firm’s sector-based strategy and investment in dispute resolution.

While Foot Anstey Sargent reported a modest turnover increase to £10.6m from £10.4m in the previous year, average PPP rose by 8 per cent to £155,000.