Freshfields Bruckhaus Deringer’s revenue growth slowed during the 2019/20 financial year, the firm has announced, while it has continued its recent U.S. growth push with a new partner in its Washington D.C. base.

It increased its revenues by a muted 3% to hit £1.52 billion, compared to last year’s increase of 5%. The firm’s revenue remains the smallest of its Magic Circle rivals Allen & Overy, Linklaters and Clifford Chance.