Stephenson Harwood has continued to grow its revenues for a third consecutive year, reporting a 16% increase in fee income.

The UK top 30 firm, which has yet to finalise its average profit per equity partner (PEP) figure for the year, has finished 2010-11 at £107m, compared to £91.9m last year.

The firm posted impressive revenue growth at the half-year stage, when it stood at £49.6m, up 17% on last year. The result means that the firm has increased revenues by 26% in the last three years since its 2008-09 result of £85.1m.

The firm said that commercial litigation, which was up by 22%, had seen particularly strong growth, followed by finance (up 19%), marine and international trade (up 14%) and corporate finance (+11%), while its other practice groups had seen solid returns for the year.

The firm's Asian practice was particularly strong with the Singapore office improving fee income by 33% while the Greater China practice, including Hong Kong, grew income by 20%.

However, the firm reported the largest revenue growth in its Paris office, which grew by 72% partly based on the firm doubling the office size with the recruitment of a five-lawyer team from Norton Rose last September.

The London office also reported a 14% hike in fee income, while the Piraeus office was 3% up.

Stephenson Harwood chief executive Sharon White (pictured) said: "What is especially pleasing is the growing recognition in the market of our track record for handling the top-end work in our chosen areas of expertise."

"We continue to be a well-balanced, internationally spread business and that has helped us turn in another strong performance. The fact that we have achieved revenue growth across every single office is pleasing, given that market conditions are still challenging. We continue to attract high quality laterals and associate talent – and these results are a further demonstration of the value of that strategy to our business."