Linklaters' Asian operations saw the biggest regional percentage drop in revenue during the 2009-10 financial year, according to the firm's limited liability partnership (LLP) filings with Companies House.

The accounts, which cover the period from 1 May 2009 and 30 April 2010, show that revenues for the region stood at £123m – a drop of 14% compared with the 2008-09 figure of £142m.

Continental Europe made up £438.3m of Linklaters' £1.18bn turnover – down 11% on the previous year, while UK and Middle East revenues dropped by £52m to £542m (7%) during the period.

The region that was least impacted by the global recession was the Americas, where revenues dipped by less than 2% to £79m. Profit for the LLP for the year stood at £328m, down from £338.6m in 2008-09.

The accounts also reveal that the highest-paid lawyer at the firm took home £2.2m during the last financial year, compared with £2.5m in 2008-09.

This figure comes against the backdrop of a 7% drop in average profits per equity partner (PEP) to £1.2m in 2009-10. The firm had 360 members in the LLP at the end of April 2010, up marginally from 358 the previous year.

Meanwhile, staff costs fell by 16% between 2008-09 and 2009-10, standing at £543m down from £642m.

The consolidated accounts also show that Linklaters lost £2.5m as a result of currency exchanges during 2009-10, compared with a £10.6m gain on exchange rates from its foreign operations the previous year.

Meanwhile the firm's pension scheme deficit stood at £1.9m compared with £997,000 in 2008-09. However, the deficit in the firm's other post-retirement benefit scheme reduced to £1.9m, down from £2.6m.

The news comes a year after Linklaters announced the closure of its final salary pension scheme, which saw it transfer 50 members of staff to a contribution-based pension scheme on 1 December 2009.

The accounts also include details about the nature of Linklaters' partnership, which has been moving towards an all-equity lockstep model in recent years. It states that most partners receive 10 profit-sharing units when they join the equity, with this increasing by 1.5 units a year for 10 years.

The firm aims to ensure that capital levels do not drop below £40m and is required to secure a majority vote from members if they are called on to contribute more than £20,000 per profit share.