Some of the US’ biggest firms have posted strong results for 2007, with Latham & Watkins announcing record results to break $2bn (£1.03bn) in turnover.

The top 10 US firm emerged as a star performer after boosting both turnover and average profits per equity partner (PEP) by more than 20%. Revenues jumped by 23% from $1.62bn (£830m) in 2006 to $2.005bn (£1bn), while PEP rose from $1.86m (£954,000) to around $2.27m (£1.17m).