International law firm Clifford Chance has said annual revenues have exceeded £1bn (€1.46bn) for the first time on the back of advisory roles on a clutch of high value mergers and acquisitions deals.

In the 12 months to the end of April, revenue rose 13% to reach £1.03bn while profit per equity partner increased 24% to £810,000, according to provisional figures released by the firm. Profit per equity partner accounts for the total figure made by law firms comprising both earnings and profitability.