Bristol-headquarted firms Burges Salmon and TLT have posted an uptick in turnover in their latest financial results, with both firms closing in on the £100 million revenue mark.

Burges Salmon reported a 5% increase in turnover to £94.6 million this year alongside a 3.3% increase in profit per equity partner (PEP) to £443,000, in contrast to last year when PEP fell by 1.8%.

Operating profit at the firm grew by 1.8% while profits per member grew by 2.7% to £384,000.

Managing partner Roger Bull said in a statement that the results were "in line with the targets we set ourselves", adding that the firm saw "double-digit growth across a significant number of our key practices and sectors including disputes, private wealth, financial services, technology and healthcare".

Bull cited the opening of a new office in Edinburgh in May and steps taken to improve the firm's use of technology as key investments made during the year.

The firm brought across three partners for its Edinburgh opening, including corporate partner Danny Lee from Shepherd & Wedderburn, Brodies real estate partner Robert Forman and planning partner Craig Whelton from Burness Paull.

Meanwhile, TLT has increased its revenues by 6.8% to £87.6 million, with managing partner David Pester anticipating that the firm will break through the £100 million revenue mark "during the next phase of our development".

Pester added in a statement: "Looking forward, we will continue to build scale where that delivers value and access to expertise that clients tell us they need."

TLT measured a 10% rise in revenues last year to hit £82 million. In a statement, the firm said that taking this year's results into account, TLT has grown its revenues by nearly 50% during the past five years.

In January, TLT re-elected senior partner Andrew Glynn for a second three-year term, after he ran unopposed for the position.

In October, the firm launched a £500,000 investment fund intended to develop new legal technology and consulting solutions.