Hammonds has announced a 32% increase in profits per equity partner (PEP) as the firm becomes the latest to reveal its 2009-10 financial results.

The UK top 30 firm saw profits increase to £364,000, up from last year’s figure of £276,000, when PEP fell by 25%. Meanwhile, total turnover dropped by 6% over the financial year to a new mark of £117.8m.