Nabarro has seen turnover for the 2012-13 financial year climb by 2.6%, with the increase coming against a predicted 30% rise in profits per equity partner (PEP).

The top 30 UK firm has announced an unaudited revenue figure of £116.3m compared with £113.4m the previous year. PEP has not been formally calculated but is expected to climb to £430,000, which would represent a jump of roughly 30% compared with last year's audited PEP figure of £332,000. Net profit has risen by 11%.

The firm attributed the increase in PEP to a firmwide reduction in costs, the increase in turnover and the effects of a partnership restructuring that took place last year. The firm recorded a partner count of 112 at the start of May.

The firm cited corporate, real estate and dispute resolution as practices that performed particularly well and also highlighted the growth of its Singapore office.

Senior partner Graham Stedman (pictured) said: "These results demonstrate further positive progress at Nabarro. The combination of continued revenue increases, enhanced profit and a significant rise in PEP is testament to the hard work of teams right across the firm.

"We now have a strong financial platform from which to build having also settled our property requirements. With a focus on profitability and an investment in the partnership, in technology and in the work we generate internationally, I expect to see the performance and confidence of the firm continue to grow."

Last year Nabarro posted a marginal increase in turnover of 0.7% for 2011-12 against a 4.4% rise in PEP following a restructuring which saw 17 partners cut from the equity. Total partner numbers dipped by 2.3% to 114, of which equity partners stood at 74.

Earlier this year it emerged that merger talks between Nabarro and Addleshaw Goddard were called off, with preliminary discussions ending in February. A combination would have created a firm with turnover of more than £280m based on 2011-12 figures, placing it just outside the top 10 UK firms by revenue.