Clifford Chance’s profit per equity partner (PEP) has for the first time topped £2 million, as the firm’s top line growth returned to normal levels following a pandemic-fuelled slowdown.

According to its financial results for the year ending April 2022, the firm’s PEP leapt by 10% from £1.85 million to reach £2.04 million, bettering rival Allen & Overy’s £1.95 million. Revenue too outstripped A&O’s, growing 8% to £1.97 billion.