Freshfields Bruckhaus Deringer has announced a set of static results for the last financial year with partner profits slightly up to £700,000 against a turnover of £780m.

The results, which come after another slow year in European transactional work, see the firm post a minor drop of 0.5% in turnover from its figure of £785m last year. Average equity partner profits rose by 4% from £675,000 last year.