Allen & Overy (A&O) has grown its operating profit by 2%, as the firm became the first of the UK’s magic circle elite to release its limited liability partnership (LLP) accounts.

According to its filing with Companies House, the firm’s operating profit figures rose to £497.5m in 2012-13 from on 486.1m the previous year, while consolidated figures for the firm showed that profit available for division among the firm’s partners grew to £356m.