Freshfields Bruckhaus Deringer‘s high-stakes restructuring has helped propel the U.K. giant’s bottom line to record levels, with profits per equity partner (PEP) surging nearly 40 percent to hit 1.44 million pounds ($2.82 million).

The Magic Circle law firm saw PEP rise by 405,000 pounds ($794,300) in 2007-08, climbing 39.2 percent from 1.03 million pounds ($2.03 million) achieved in the previous 12-month period.

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