Los Angeles’s Gibson Dunn & Crutcher has posted 14% increases for both profits and revenues, becoming the latest US player to post sharp financial increases for 2003.

The 750-lawyer giant has seen revenue jump to $645m (£352m) and profits per partner hit $1.373m (£750,000) for last year, against the firm’s 2002 turnover of $569.35m (£310.7m) and average partner profits of $1.185m (£646,700).