Bird & Bird is the latest City firm to post healthy year-end results, particularly in its profit per equity partner (PEP) figures.
The firm said PEP was up 10% to £550,000. It did not provide an overall profit figure but turnover was £337m, up from £303m last year – an 11% increase.
David Kerr, Bird & Bird chief executive, said: ‘We believe our continued growth stems from our people truly acting as one firm globally – by being completely joined up and providing clients with a unified international experience.’
Successes claimed for the year included a co-operation with Chinese firm AllBright Law Offices, in November last year. Bird & Bird said the benefits of the agreement had been ‘swifter than expected’.
The agreement enables AllBright to serve clients in China with Bird & Bird providing legal services outside the country. AllBright also operates an international representative office in Bird & Bird’s London base at New Fetter Lane
Bird & Bird has set up offices in five Asia Pacific cities and entered into five co-operative agreements with local firms in the past 10 years.