The highest paid member of magic circle firm Freshfield Bruckhaus Deringer earned £2.5m in profit and remuneration for the financial year 2012/13, a fall from £2.9m the previous year, according to accounts filed at Companies House.
Profits before tax were up 4% to £416m, on turnover up 4.4% to £1.229bn, the LLP accounts show.
The average number of members during the year was 332, down from 350 in 2011/12. Profit available for distribution among members fell 5% to £329m.
Earlier this month magic circle firm Clifford Chance posted a fall in pre-tax profits of 9% to £387m, with turnover down 2.45% to £1.271bn.
According to the statement to Companies House, Clifford Chance's 16 management committee members shared £18m in remuneration, down £1m from 2012.
Meanwhile at Linklaters, pre-tax profits fell by 3.4% to £371.5m over the same period, on turnover down 0.9% to £1.193bn. The highest-paid member of Linklaters received £2.3m, down from £2.5m the previous year, according to the firm’s LLP accounts.
Allen & Overy has recorded the highest profits before tax in the magic circle firms’ Companies House filings, with up 2.2% to £496m. Turnover was up 0.6% of £1.189bn.
Its highest-paid partner received £1.57m.