Mills & Reeve has boosted its profit per equity partner (PEP) to £403,000, an increase of 7.8% from £374,000 last year.

The national firm also saw revenue grow during the 2016-17 financial year, up 6.9% to a new record high of £93.2m.

Net profit to share among equity partners rose from £23.9m last year to £24.8m, while equity partner numbers inched up from 60 to 61.

Senior partner Justin Ripman (pictured) said: "We set ourselves some ambitious targets and are delighted to have achieved such significant growth. We believe we are the only law firm in the UK top 100 to have consistently grown profit and turnover each year since 2002.

"Despite the current uncertainty in the market, with the triggering of Article 50 and recent general election, we are optimistic that we will continue to grow the business, and the recent merger with London law firm Maxwell Winward is evidence of this."

The merger with real estate, projects and construction firm Maxwell Winward was announced in March, but the deal did not take effect until 1 June, and as such has had no impact on the 2016-17 results.

Other highlights for the firm during the last financial year included advising the management of Weetabix on its £1.4bn sale to US cereal company Post Holdings.

The firm was also appointed to tier 1 of the UK government's £400m legal panel for a two-year term after a competitive tender process.