Paul Hastings Janofsky & Walker has passed the landmark $1m (£534,000) figure for partner profits as Los Angeles’ legal elite continues to out-perform US rivals in 2003.

The 750-lawyer firm last year saw profits per partner up 13% to hit $1.06m (£566,000), compared to 2002′s $940,000 (£502,000). At the same time revenues rose 10% annually to hit $537m (£287m).