Freshfields Bruckhaus Deringer increased revenue by 4.4% last year, but the figure was some way down on that reported by the firm last summer.

According to LLP accounts filed with Companies House, the firm’s revenue climbed from £1.177bn in 2011-12. The rise is significantly smaller than the 7.2% revenue hike reported by the firm last July. The firm said this was down to foreign exchange adjustments and a difference in unbilled revenue, which is not accounted in management accounts.