Mishcon de Reya has become the latest City firm to post healthy results for the most recent financial year after revealing a double digit increase in profit.

The firm’s revenue for the year ending 30 April 2017 stood at £149.4m, a 17% rise. Profit per equity partner was £1.1m – an increase of 10%.

According to the firm, its total revenue has increased by more than 100% over the last five years.

Kevin Gold, managing partner, said: ‘The past year has been one of the most uncertain politically and economically that we have experienced in a decade. In this context I am very proud that we have grown significantly and are exceeding our three-year plan goals.’