Average profit per equity partner (PEP) also grew by 5 per cent and now stands at £519,000, though the figure is still some way below its 2013/14 peak of £545,000.

Back on track

The firm has made a concerted effort to get its financials back on track after revenue and profit fell 3 per cent and PEP dropped by 9 per cent in 2014/15.

Global expansion

HFW has expanded over the past year with a number of lateral hires and team bolt-ons, including a seven-lawyer asset finance team from Berwin Leighton Paisner in Singapore and Hong Kong. The firm has also sealed a series of local tie-ups in Asia and the Middle East, entering a formal association with 20-partner Chinese boutique Wintell & Co, a formal law alliance with Singaporean firm AsiaLegal and established new associations in Riyadh, Beirut and Kuwait City.