Linklaters — which operates a small Dublin office advising exclusively on EU law — saw revenues of £2.1 billion in the year ending 30 April 2024, a 10 per cent increase on the previous year and the first time it has passed the £2 billion threshold.

Pre-tax profit was £942 million, an increase of 10.3 per cent on the previous year. Profit per partner was £1.8 million, a seven per cent increase, while profit per equity partner was up eight per cent to £1.9 million.

Paul Lewis, firmwide managing partner, said: “It’s been an exceptional year with record financial results and revenues exceeding £2bn for the first time. We’ve seen a strong performance across the firm, with M&A, complex restructurings, contentious mandates and energy transition-linked projects the biggest drivers of growth.

“In what remain challenging markets for businesses, our corporate, bank, funds and financial investor clients continue to turn to our global platform on their biggest, cross-border mandates, like advising VW on its recent landmark US$5bn partnership with Rivian in the US.

“These are the roles that have placed us top of league tables across the UK, Europe and Asia, as well as powering our UK and US offices to their best ever year.

“With markets now bouncing back, particularly on the public M&A front, our teams have had a very busy start to the year, acting on lots of high-profile roles in the market. We’ll continue to invest to make sure we deliver the best service for our clients on their biggest transactions and most complex legal matters in key jurisdictions.”