Linklaters and Freshfields Bruckhaus Deringer have posted revenue gains of 5% and 1% respectively for the 2013-14 financial year, completing the results season for magic circle firms.

Linklaters has leapfrogged Freshfields in terms of revenue, having been overtaken by its rival firm in 2012-13. In 2013-14, fee income reached £1,255m at Linklaters, compared with £1,232m at Freshfields.