Stewarts has seen turnover fall by 20% during the last financial year, after a series of long-running litigation cases contributed to inflated results in 2016-17.

Revenues fell to £62.4m during 2017-18, down from last year’s high point of £78.1m, alongside a 27.8% drop in profit per equity partner (PEP) from £2m to £1.45m.