Minter Ellison has reported revenues of A$418m (£223.9) for the financial year ending June 2014, representing a marginal increase on a turnover of A$416m (£222.8) for the previous year.

The Australian big six outfit, one of two which remains independent, said in its annual report that the figures represented "a solid and steady performance", but declined to reveal total profits. It claimed to have completed more than 65 M&A transactions at a value of US$22.2bn.

The overall revenue figures are slightly down on the year 2011-2012, when the firm reported an income of A$419m (£224.4). The figures included Minter Ellison's offices in Asia but excluded non-financially integrated bases in Adelaide, Darwin, the Gold Coast and New Zealand.

The firm also reported a total headcount of 200 partners and 591 lawyers in June 2014, against 203 partners and 585 lawyers the previous year. It said that a large portion of its lawyers are currently women, compared with just 40 out of the partners.

During the 2013 to 2014 financial year, the firm has made 66 senior appointments, including 10 partners, 12 special counsel and 44 senior associates.

Its recently formed executive leadership team also includes seven partners, among them chief executive Tony Harrington – an ex King & Wood Mallesons advisor, appointed in June to take over from John Weber – and chief operating officer Janet Young, who transitioned to the firm from Herbert Smith Freehills in September.

Partners at the firm are represented by a partnership board comprising 14 members, including chairman Bruce Cowley.

"If the past year has showed us anything, it is that markets and client demands are changing," said Cowley.

"FY2014 was a year that called for a clear strategy and the ability to move with the times. I believe this report shows we met that challenge."

Across Australia's biggest outfits, partner and lawyer count has reduced over the last five years as firms look to adapt to new market conditions.

According to earlier Legal Week research, between 2009 and 2014 the total non-partner lawyer count across Clayton Utz, Allens, Herbert Smith Freehills, Ashurst Australia and King & Wood Mallesons (KWM) shrank by 20%, while partner numbers dropped 14%. At the time, Minter Ellison declined to reveal figures.

Most firms have not reported Australian revenues or profits for the last financial year, but Ashurst and Herbert Smith Freehills revealed global turnovers in their first financial reports since the 2012 mergers of their respective legacy firms.

Herbert Smith Freehills recorded a 12% rise in profit per equity partner (PEP) to £741,000 for the year, against a 5% increase in revenue to £800m, while Ashurst's profit per equity partner (PEP) jumped 22% to £801,000, with revenue up 6%.