Proskauer Rose has announced double-digit growth in both profits and turnover for 2007, with revenue at the New York law firm up by almost a fifth to $627.8m (£320m).

Top 50 US firm Proskauer saw its revenues rise by 22% on last year's figure of $514.3m (£262m) to hit the new high.

Meanwhile, profits per partner (PEP) increased by 17% to reach $1.56m (£790,000). The firm has also reported a 14% increase in revenue per equity lawyer with the figure now standing at $917,000 (£465,800).