SNR Denton saw profit before tax shrink by around 40% last year across its operations outside the US, with the firm’s latest limited liability partnership (LLP) accounts showing a fall in profit from £37.9m to £22.5m.

The transatlantic firm’s UK LLP accounts, which cover operations across the UK, Europe, the Middle East and Asia, show profit available for discretionary division fell from £6.2m to £615,000, against a slump in audited turnover from £166m to £152.5m.