Ashurst global managing partner Paul Jenkins has been reappointed for another four-year term, as the firm completes a "spectacular" financial year.

According to two people with knowledge of the situation, the firm is set to announce double-digit growth in both revenue and profit per equity partner (PEP) later this year.

One person said PEP at the firm will leap by about 20 percent following a profitable 2018-19 financial year.