Law firm Pinsent Masons has seen its profits rise by a third, with its global turnover up by 12 per cent to £362.2 million.

The results follow a year of expansion at the firm, which in March announced plans to open offices in Sydney and Melbourne.

It also made 29 partners to take the firm’s partnership to over 400 - five of whom are Birmingham-based.

Profit per equity partner rose to £538,000 in the year ending April 30 2015, up 32.8 per cent from the previous year.

The firm has also made a number of hires, including the appointment of partners David Heffron as head of financial services regulation and the addition of London-based oil and gas specialist Paul McGoldrick and his team.

In Birmingham the firm also appointed eight lawyers to its real estate team in October.

Over the past year Pinsent Masons also launched its tax practice in the Middle East

Standout deals in which the Birmingham office was involved included advising Persimmon Homes on a property deal for the redevelopment of the Selly Oak Hospital site and acting for Arena Central Developments on a deal that will see HSBC to move its UK retail banking HQ to Birmingham.

Greg Lowson, the firm’s head of Birmingham office, said: “It has been a very satisfying year in which we have helped a number of our clients in the region achieve their commercial ambitions at home and abroad.

“The renaissance of the property market has clearly been a highlight, as have a number of significant banking deals.

“The significant number of partner promotions in the Birmingham office include Didar Dhillon (infrastructure), Gayle Ditchburn (universities and higher education), Sean Elson (regulatory), Clare Francis (commercial) and Nicole Livesey (corporate).

“Our clients in the Midlands are ambitious and recognise what a truly international law firm, with genuine sector specialism, brings something special to the table. I think they have also appreciated our efforts to innovate and do things differently.”