Mayer Brown Rowe & Maw has finalised a new strategy for its London office intended to bump its profits per partner (PEP) to between £800,000 and £1m within the next three years.

The transatlantic firm's London PEP currently stands at around £650,000 – behind many of its UK rivals but ahead of the firm-wide average of $1m (£543,000).

The firm approved the three-year vision for its City base around six weeks ago and is now in the process of drawing up detailed plans for all of its offices.