Profit per equity partner (PEP) rose 10% to $1.2m (£774,000) last year at global firm Baker & McKenzie.

Net profits grew 9% to $862m (£553), on turnover up 5% to $2.419bn (£1.56bn), according to the firm’s financial results for the year ended June 2013.

Eduardo Leite, chairman, said profit and turnover growth was due a ‘strong emphasis on becoming a more client-driven firm’.

Europe, the Middle East and Africa accounted for 37% of revenue, the Americas 35% and Asia-Pacific 27%.

The firm hired 60 partners in the year, bringing the total number of lawyers to 4,100 across 46 countries. 

Growth areas included finance, securities, energy, mining and infrastructure, tax planning, employment litigation, property, corporate reorganisations and anti-corruption work.