Latham & Watkins has posted a 14% increase in average profits per partner, against a 17% turnover increase.

Latham – one of two of the Los Angeles ‘big four’ to reveal their 2005 results this week – saw fee income increase to $1.413bn (£796m) from $1.206bn (£646m), with average profits increasing to $1.602m (£902,000) from $1.402m (£751,000).