Clifford Chance's (CC's) management committee received total remuneration of £18m for the 2012-13 financial year, 5% down on 12 months ago.

In 2011-12, the 16-strong committee took home £19m, representing a 10% hike compared with the previous year.

According to the magic circle firm's limited liability partnership accounts, filed with Companies House, profit available to share among members fell to £322m in 2012-13, down by 15.7% from £382m in 2011-12.

The report also shows that net assets attributable to members fell by £79m to £219m at the financial year end, while the firm's net cash amounted to £103m, down by £17m on the equivalent in 2011-12.

Average partner headcount at the firm increased 1.6% to 577 in 2012-13, while the number of associates stayed broadly static at 2,324.

At the 2012-13 year end CC posted revenue of £1.27bn, down 2.5% on the previous year, while profit per equity partner dipped by 9.1% to £1m.

Geographically, none of the regions grew its contributions to global revenue. The continental European practice posted the largest decline in input after, accounting for £467m of the total figure, down from £492m in 2011-12.

However, the practice is owed outstanding fees of £142m from clients, up on the same point in 2011-12 when it was owed £120m.

The Asia Pacific region also posted a decrease in revenue contributed after accounting for £179m, down from £185m.

Contributions from the UK, Americas and Middle East stayed static on the previous year, respectively logged at £443m, £144m and £38m.

The firm has estimated that it is owed £354m in fees from clients, up on £330m last year. According to the accounts, less than 5% of the firm's billed revenue is attributable to a single client relationship.