Average profit per equity partner was up 10 per cent to £1.23m, a 23 per cent jump in PEP over the last three years. The results follow a disappointing year in 2014/15, when global turnover dipped slightly to £1.35bn and net profit and PEP also dropped to £450m and £1.12m respectively.

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Managing partner Matthew Layton attributed global growth to an uptick in high value cross-border mandates, particularly in the firm’s corporate transactional practice. Key work in the last year include advising Anheuser-Busch InBev shareholders in relation to its bid for SAB Miller, the biggest brewing takeover in history; advising EDF on proposals to invest £6bn in the Hinkley Point nuclear power project; and advising the Bank of China on its $3.55bn bond issuance.

Sources: The Lawyer; Legal Business