International firm Dentons has reported a 13% rise in revenue for the year ending 30 April 2019, but profits per equity partner (PEP) grew in the same period by just 4%.
According to its unaudited 2018/2019 financial results, UK and Middle East revenue rose by 13% to £229.8m, while PEP increased by 4% to £676,000.
Between 2014/15 and 2017/18, PEP grew by 31%, from £497,000 to £651,000.
The firm did not release its net profit figures.
Dentons’ chief executive for the UK and Middle East region Jeremy Cohen said: ‘These results continue the very strong progress we have made over the past five years.
‘Within the UK, our ‘one national team’ approach particularly resonates with larger clients. The integration of a fantastic team in Scotland following the Maclay Murray & Spens (MMS) merger has led to a step-change in the effectiveness of our London-regional delivery model.’
Dentons, the world’s largest law firm by headcount, merged with MMS, Scotland’s oldest commercial law firm, in 2017.