Pinsents Masons has surpassed the £500 million revenue mark for the first time while its profit per equity partner (PEP) leapt by 16% in the last financial year, as it became the first U.K. Top 50 firm to issue its financial results.

The firm’s PEP figure now stands at £636,000, up from its six-year low of £546,000 last year, according to an announcement by the firm on Monday.