‘Satisfactory outcome’Macfarlanes has reported static partner profits in its latest financial results, despite revenue continuing to climb. The Silver Circle firm posted revenue of £389.5 million for the 2025-26 financial year, up 5% on the previous year. However, profit per equity partner (PEP) remained static at a still hefty £3.1 million. Macfarlanes’ average partner earnings nonetheless remain above the latest reported figures for several of its Magic Circle rivals, including Linklaters with PEP of £2.48 million, Clifford Chance at £2.3 million, and A&O Shearman at £2.2 million. The latest results follow a strong 2024-25, when Macfarlanes’ PEP broke through the £3 million barrier after soaring 20%.