Travers Smith saw revenues climb by 1.5% during the first half of the 2012-13 financial year, with turnover hitting £40.5m.

The growth in fee income in the six month period leading to the end of December took turnover up from an equivalent figure of £39.9m for the same period in 2011.

The increase in revenues comes on the back of a strong performance in 2011-12, when turnover climbed by 16.4% to £83.8m. At the same time the firm, which operates to a 30 June financial year end, reported a 24% increase in profits per equity partner (PEP) for the year, taking PEP from £650,000 to £804,000 – its highest level since 2006-07, when it stood at £810,000.

Other UK law firms reporting single digit revenue growth at the half year point of the 2012-13 financial year include Pinsent Masons and Wragge & Co, where revenues climbed by around 4%, Nabarro, which reported a 2% rise, and Weightmans, which saw turnover climb 9%.

Only a handful of firms have reported double digit growth – Clyde & Co, where revenue soared 37%, Bird & Bird, where revenue climbed 12%, Taylor Wessing, which posted a 23% rise and DWF, where a series of mergers helped the firm achieve a 39% rise. Meanwhile firms reporting dips in revenue at the half year point include Allen & Overy (3% down), Simmons & Simmons (3% down), Ashurst (6% down), SJ Berwin (1% down) and Addleshaw Goddard (3% down).

News of Travers' H1 results comes as the firm gears up for a change in management, with senior partner Chris Carroll set to step down from the post on 30 June this year. Managing partner Andrew Lilley was re-elected for a reduced second term in his role in September, with the term formally starting on 1 January this year.