Norton Rose Fulbright has unveiled global revenue of $1.851bn (£1.1bn) in its first financial results following its transatlantic tie-up.

Norton Rose, which last year recorded revenue of $1.334bn (£779m), merged with Texas firm Fulbright & Jaworski in June last year. The figures for this year include revenue from the legacy US firm for the first time.

Global chief executive Peter Martyr (pictured) said: "We had a big jump last year and this year has been steadier, with underlying growth of 4%. We have yet to complete a full financial year with the US, but we are happy with the way things are going.

"Currency fluctuations have been very high in the last few months which can affect our reporting, but our year on year performance is good. Our revenue […] reflects our strong global platform."

The firm has not published its profit figures. Last year estimated profits per equity partner for the UK LLP came in at £563,000. The firm's UK LLP posted revenue of £369m in 2012-13, marking an increase of 4% on the previous year.

Since the combination, Norton Rose Fulbright has launched an office in Rio de Janeiro, with the hire of BP global assistant general counsel Andrew Haynes to spearhead the offering, as well as a firmwide regulatory and investigations practice.

Client wins during the year include a spot on medical device company Medtronic's panel and a role as global legal adviser to British automotive manufacturer McLaren.

Meanwhile the firm closed its office in Prague at the start of May citing tough market conditions.

Martyr has been tipped to run for a further term in his role as global CEO of the firm. He took up a fourth three-year term beginning January 2012, after he was quietly re-elected as chief executive of the Norton Rose Group in an uncontested election the previous summer.

The news comes as the firm has raised salaries for its newly qualified (NQ) lawyers by £2,000 to £65,000, alongside increases for its junior lawyers across the board.

The new rates came into effect at the start of this month but have been backdated to 1 May. First-year trainees are now earning £39,500, up 4% on the previous rate of £38,000, while those in their second year will see pay increase from £43,000 to £44,500.

Head of HR for EMEA Lak Purewal said in a statement: "It is essential that we attract and retain high quality people, and ensuring our salaries are competitive is one of the ways to achieve this goal."

The new NQ salary is on a par with the equivalent rates at Linklaters and Slaughter and May, while it is up by £1,000 on Allen & Overy's NQ pay.

However, Clifford Chance and Freshfields Bruckhaus Deringer have posted higher NQ pay rates, with NQs able to earn £67,500 at the former and between £67,500 and £77,500 at the latter.