Clyde & Co has posted an 8% hike in revenue in the last financial year and broken its target for revenue growth in Asia, according to unaudited figures released by the firm.

The firm reported revenue of £395m in 2014-15, up from £365m in the previous year.

It also posted a 10% rise in profit per equity partner (PEP) to £660,000, up from £600,000.

Underlying profit grew by 14% to £136m, up from £120m, though this was not directly mirrored in the PEP figure because of an increase in partner count, which stood at 320 on 1 May this year, up from 296 a year before. The firm said the rise in the number of partners was a result of its continuing investment in staff.

The results continue Clydes' trend of steady year-on-year growth, with the firm increasing revenue every year since 2007. In 2013-14 it reported a 9% rise in turnover and an 11% hike in profit.

In 2014-15 the firm also smashed its target for growth in revenue in Asia-Pacific. As Legal Week reported in March 2014, Clydes had aimed to increase revenue in the region by 15-20% during the year but today the firm said revenue in the region had risen by 30%.

The firm said the growth was largely due to "exceptional performances" in its insurance and dispute resolution practices in Australia, alongside strong results from its offices in Singapore, Hong Kong and China.

Clydes added that in the UK, Europe and North America it had experienced "steady growth" with the UK offices' insurance, international arbitration, sectoral dispute resolution, real estate, projects and construction, and oil and gas practices all performing well.

The firm said its Middle East and North Africa business grew by 15%. During the year it established a venture in Saudi Arabia with local outfit Abdulaziz Al-Bosaily Law Office.

Senior partner James Burns said the firm had had a "strong year of continued growth".

He added: "I feel the results demonstrate the strength of our core sector and regional approach.

"Clyde & Co is characterised by a consistent long-term focus with continued investment in the expansion of our global network and capabilities helping us better serve and support our international client base."

He also said the firm was looking to open more offices this financial year, probably in Latin America and the US: "It could be a combination of mergers and organic growth. The Clyde & Co expansion strategy has been organic – to pick up teams of partners – but Latin America is a different landscape so mergers may mean we can grow our business more quickly. In the US I expect us to look at more organic growth."