Clifford Chance has posted a double-digit hike in profit per equity partner (PEP) on the back of what the firm described as a “positive” 2017-18, in which revenue climbed 5 percent.

Global revenue increased to £1.62 billion ($2.14 billion), up from £1.54 billion ($2.03 billion) in 2016-17, against a 16 percent rise in PEP to £1.6 million ($2.11 million) and a 13 percent increase in partnership profit to £626 million ($825.2 million).