Latham & Watkins has posted 3.4% growth in global revenues and a 7.4% rise in average profit per equity partner (PEP) for the 2012 calendar year.

Revenue at the US firm grew to $2.226bn (£1.43bn) in 2012, while PEP hit $2.443m (£1.57m) and revenue per lawyer grew by 2.4% to $1.095m (£703,000).