Linklaters grew its revenue to £1.31bn in the last financial year as profit per equity partner (PEP) rose to £1.45m.

The firm reported a 3.5% increase in turnover to  £1.31bn in the year to 30 April 2016, as PEP increased 2.5% from 2014-15.

The results put Linklaters on par with Allen & Overy by revenue, narrowly behind Freshfields Bruckhaus Deringer and Clifford Chance, which posted revenue of £1.39bn.

The growth rate, which according to Linklaters equates to a 5% increase at constant currency, marks an improvement on 2014-15, when revenue climbed by 1% to £1.27bn and PEP by 2% to £1.42m.

Linklaters' managing partner, Gideon Moore, welcomed the results: "We had a strong year, revenue was 5% up in constant currency; in the markets in which we play that is a pretty solid effort," he said.

The firm's 2015-16 pre-tax profit excluding one-off costs was £611.9m, an increase of 6.8% from £573m last year, and an 8.6% increase at constant currency.

Moore described the results as "a solid performance across the firm", and picked out the firm's M&A, projects, dispute resolution, IP, IT and financial regulatory teams for particular praise.

"Bring those areas together, add them up and you have a strong year," he said.

Geographically, he said that London and Southeast Asia had good years and Russia did well in comparison with previous years.

On the subject of the UK's vote to leave the European Union, Moore said: "The question of how it [Brexit] will impact on our business as a whole depends upon the needs and successes of our clients. Our success will be closely aligned to how they prosper and develop over the next period."

Moore said the plan for the current financial year is "more of the same".

"We will continue to play to our strengths, make sure clients know we are thinking of them. We recognise they have a choice but they will recognise our efficiency, well rounded advice and the support we are able to give," he added.

The last financial year was a year of transition for Linklaters, with former banking head Moore taking over the managing partner role from Simon Davies in January 2016 and corporate partner Charlie Jacobs elected to the firm's senior partner role in May.

Jacobs will take up the senior partner role in September, succeeding former banking head Robert Elliott who has held the post since 2011.

Linklaters is the last of the magic circle firms to report its 2015-16 results, with the exception of Slaughter and May, which does not make any statements about its finances.

Clifford Chance grew its revenue by 3% to £1.39bn while PEP jumped 10% to £1.23m. Allen & Overy's revenue grew by 2.3% to £1.31bn and PEP remained stable at £1.21m.

Freshfields Bruckhaus Deringer increased its revenue 6.6% to £1.327bn and PEP by 7.6% to £1.473m.