Sidley Austin has unveiled its financial results for 2005, with fee income up 9% to hit $1.12bn (£642m). The Chicago-based giant also posted a robust increase in profits per equity partner, up from $1.02m (£585,000) in 2004 to $1.24m (£708,000) last year. The firm becomes one of a select band of US law firms to pass the $1bn earnings barrier, following the likes of Skadden Arps Slate Meagher & Flom and Latham & Watkins.

First reported on legalweek.com (1 March).