Dechert increased its U.K. revenues by 10% to surpass £100 million in the last financial year, despite a 17% drop in operating profit, which it attributed to office improvements and associate pay increases.

The U.S. firm posted turnover of £104.2 million, up from £94.7 million in 2017, its financial accounts posted at Companies House show, though operating profits dropped to £39.8 million, down from £47.8 million last year.