Pre-tax profits at magic circle firm Linklaters increased by 8.6% last year, largely due to sterling's fall against the euro and the dollar, according to results released today.
For the year ending 30 April 2017, the firm reports a pre-tax profit at £664.4m, up 8.6% on the £611.9m on the previous year. Overall revenue was rose 10% to £1.4bn.
However in constant currency terms, revenue rose by 1.7% while profit was flat on the previous year, the firm said.
There was also a hefty pay-rise for equity partners who collected £1.51m, a 7.8% increase.
Gideon Moore, firmwide managing partner, said: ‘Our performance has been driven by the efforts of our people, our deep client relationships and our sector focus.’
He added: ’Beyond our work for clients, we have continued to be involved in a range of inspiring pro-bono and community projects including a successful death penalty appeal in Texas and a landmark whistleblower case in the UK.’