Freshfields posted an 8% jump in partner profits in 2015/16, as revenue growth outpaced three of its magic circle peers.
The rise pushed profit per equity partner to £1.47m in the year ending 30 April, on the back of a 7% rise in revenues to £1.32bn. Meanwhile net income rose 8% to £617m.
The results compare to 2-3% revenue increases at Allen & Overy, Clifford Chance and Linklaters.
According to Freshfields the results were on the back of strong growth across the firm and a growing demand for ‘high-quality, complex jurisdictional work’.
Stephen Eilers, joint managing partner, said: ‘Our trajectory is positive and although we enter more uncertain times following the referendum result in the UK, we believe that we are well placed as a global firm to respond to the complex demands of our clients.’
The results follow a year in which the firm opened a global centre in North America and has signed a lease in Manchester to double its northshoring presence in the area.