Jeremy Cohen

Revenue at the firm was £229.8 million, an increase of 13 per cent on 17/18 (£203.1m). Revenues have risen 48 per cent since 2014/15.

PEP, meanwhile, was £676,000, an increase of four per cent on 17/18 (£651,000). PEP has increased 36 per cent since 2014/15

Jeremy Cohen, Dentons’ CEO for the UK & Middle East region, said: “These results continue the very strong progress we have made over the past five years. During this period our primary focus has been to deepen relationships with key clients by demonstrating to them the value of working with the world’s largest law firm. One example of this is the Dentons Direct collaboration platform that clients are increasingly using, allowing them to manage relationships and matters across our 175 offices through a single secure site.”

He added: “Within the UK, our ‘one national team’ approach particularly resonates with larger clients. The integration of a fantastic team in Scotland following the Maclay Murray & Spens merger has led to a step-change in the effectiveness of our London-regional delivery model. Many of the premium matters we advised on last year, such as the Carillion liquidation and KKR spreads deal, involved UK-wide teams, as did our successful panel appointments to the government and Network Rail.

“We also continued to build out our core practices by attracting some very high calibre partners across the corporate, real estate, finance, energy and regulatory arenas.

“Our intention now is to build on this progress by doubling down on our strategy of building the law firm that our clients tell us we need to be: global, providing high quality advice that responds to their specific challenges and environments, efficient, collaborative and innovative. Our goal is to be a trusted adviser and a leading service provider at the same time.”