Cleary Gottlieb Steen & Hamilton has broken the $2m profits per equity partner (PEP) mark as the New York leader becomes the latest US firm to unveil its 2006 figures.

Cleary unveiled partner profits of $2.1m (£1.07m), a 7% increase on 2005, while turnover rose 8% to $830m (£422m), from $765m (£389m) the previous year.