Withers has posted a modest 1.2% increase in revenue alongside a 5.5% rise in average profit per equity partner (PEP) for the 2018-18 financial year.

Revenue rose slightly from £174.5m to £176.6m, while net profit climbed to £32.2m. The results mean the firm's turnover has more than doubled during the past 11 years, climbing from £78.2m in 2006-07.

PEP meanwhile hit £402,000, a 5.5% increase on 2016-17 when equity partners took home an average of £381,000. In 2015-16, the firm saw profit per equity partner (PEP) fall 17% to £305,000.

Commenting on the results, Withers CEO Margaret Robertson (pictured) said: "I'm delighted to say that the last 12 months have seen the promotion of significant numbers of our internal talent to partner, as well as continued growth from every part of the firm's international business. In addition, we have invested in major IT projects and have been developing new working practices to benefit our clients."

This month, longstanding CEO Robertson was re-elected for a fourth term at the firm's helm. Robertson secured an additional three-year term following an uncontested election.

The appointment means that Robertson, who joined in 1984 and became CEO in 2007 having previously served as head of litigation and employment and joint managing director, will hold her title until 2021.

Withers also appointed 14 new partners across Asia, Europe and the US, in a female-dominated promotions round with effect from 1 July. Ten of the new partners are female, with five of the newly promoted partners based in London, as well as further appointments in Milan, Hong Kong, Greenwich (Connecticut), San Francisco and Singapore.