Berrymans posts double-digit growth for 2010-11

Berrymans Lace Mawer has posted double-digit growth across the board for 2010-11 with turnover, average profit per equity partner (PEP) and net profits all up on the previous year.

The firm, which converted to a legal disciplinary partnership in June (20 June 2011), said turnover had increased by 15.5 per cent from £69.4m to £78.8m.

Meanwhile PEP, which suffered a 10.8 per cent dip last year from £249,000 at the 2008-09 year end to £222,000, has recovered, rising 32 per cent to £293,000.

At the same time the firm has expanded its equity partnership by three to 60, with 130 partners in total compared with 117 last year.

Net profits have also recovered following a slide last year from £13.4m to £13m, climbing 35.4 per cent to £17.6m.