Law firm Shoosmiths has announced a 47 per cent increase in profits.
Profits have risen to £11.3 million on a record turnover of £60.2 million while profits per equity partner jumped to £333,000 from last year's £226,500.
About half the firm's 83 partners have equity status.
Joel Kordan, head of the Birmingham office, which has 48 staff, said: "The continued growth in revenue is very encouraging but it is the accompanying growth in profitability which is particularly exciting.
"We have focused on our internal processes and taken steps to improve underperforming areas, ensuring that we can convert revenue into profit more readily. We are now a well disciplined and more commercial firm with a bright future ahead of us.
"These profits enable us to invest in more external-facing systems for the benefit of our clients as well as continuing to grow the firm in line with our strategy."
The 125 Colmore Row office, which has been established just over two years, is aiming for a big expansion.
Mr Kordan said: "We have big plans for Birmingham. We want to grow it quite dramatically. We are very ambitious."
He claimed the firm was already competing with the largest law firms in the city and was outpacing the likes of Wragge on profitability.
Part of the firm's action plan has been to pro-actively review the shape and structure of teams to drive performance and this has included a number of key lateral hires.
In Birmingham retail property partner Simon Boss recently joined from Eversheds and other new arrivals in the firm included corporate partners such as John Jackson from DLA and Sean Wright from Blake Lapthorn Linnell.
Mr Kordan said: "We are not afraid to set ourselves apart from the pack by doing things differently.
"We continue to invest in our national Legal Expenses Division to improve efficiencies as market pressure drives fees down.
"This enables us to win work for clients such as the AA, where we are the exclusive legal services provider for its insurance and roadside customers.
"We are very good at applying the successful streamlining and business planning processes from our volume businesses and transferring those practices to other areas of the business to ensure our clients get best value."