Clyde & Co saw the average number of members in its limited liability partnership (LLP) increase from 112 to 126 during the last financial year, with the highest-paid member taking home £885,250.

Clydes' LLP accounts for 2009-10 show the top earner received nearly 5% more than the firm's highest earner the previous year, who took home £845,467.

Total lawyer numbers in the LLP increased from 563 to 592 across the period, against a slight decline in support staff numbers from 566 to 554. Overall staff costs including pension contributions, social security and salaries stood at £83.1m for the Clydes' group and £30.9m for the LLP, compared with £80.2 for the group and £30.7 for the LLP in 2008-09.

Profit for the year before members' remuneration and profit shares stood at £50.7m, compared with £43.7m the previous year.

Other figures contained within the accounts include a drop in cash at bank and in hand to £7.1m, down from £9.8m, and a decrease in net debt at the end of the year to £10.8m, down from £11.9m.

The accounts show that the firm set aside £39.7m in 2010, up from £36.8m in 2009, which is subordinated to unsecured creditors and would be used to pay creditors in the event of the firm collapsing.

Clydes saw a 3.8% increase in fee income in 2009-10, with revenues increasing from £185m to £192m and profits per equity partner growing by 10% to £605,000, having remained static for the two previous years.

Clydes finance director Ian McAndrew, said: "We were very pleased with last year's results because we have seen an increase in revenue and profitability, reflecting the investments we have made and are continuing to make both in the UK and internationally.

"We expect to be achieving a further profits increase this year, although it may be more modest than last year."