Clyde & Co’s fee income has increased by just over 10%, with average partner profits up by 7%. Turnover has grown from £71m last year to just under £80m and average partner profits have risen from £345,000 to £370,000. Clydes said that non-UK clients now generate 40% of the firm’s business.

The contentious insurance department, the 114-partner firm’s core practice area, has grown its turnover by 13.5%.