Clifford Chance (CC) has posted a 7% increase in global revenue for the 2013-14 financial year, hitting a record high of £1.36bn.

Partnership profit increased by 14% to £459m, while profits per equity partner (PEP) grew 16% to £1.14m, a rise on last year’s equivalent of £984,000. Meanwhile, the magic circle firm’s equity partner count dipped 2.4% from 411 to 401 during the year.