Fieldfisher saw its revenue increase by 24% in the 2017-18 financial year to hit £207m, a new record high for the firm.

The firm has also posted profit per equity partner (PEP) of £750,000 for the year, up 17% from £640,000.

The strong performance comes after the firm also posted double-digit increases in revenue and PEP last year, when revenue rose 34% and PEP grew 16%.

Managing partner Michael Chissick (pictured) said: "We have had a steady run for a number of years. Reaching a £207m revenue figure is a big milestone. Ten years ago our revenue was 100% UK-based, and now the UK makes up 65% of the group-wide turnover."

He said the firm's technology, outsourcing and privacy practice saw the highest level of growth at 58%, followed by dispute resolution (47%) and finance (37%).

The technology practice was boosted in particular by work relating to the General Data Protection Regulation (GDPR), which has ushered in a single set of rules for data protection for all EU member states.

Chissick commented: "We are the go-to firm for GDPR and we have over 35 professionals in the UK advising on this. Our litigation practice also did incredibly well; we had a good year in energy and life sciences has been strong."

Last year, the firm placed 29th in Legal Week's top 50 rankings, just below Holman Fenwick Willan at £165.7m and Macfarlanes at £167.6m. Firms with revenues hovering just over £200m last year included DWF, Osborne Clarke and DAC Beachcroft.

The growth in fee income follows a period of expansion for Fieldfisher, which in February 2017 announced office launches via local mergers in Shanghai and Amsterdam, as well as Italy last year.

This year, the firm has also launched in Luxembourg in May and Frankfurt in April, while it opened in Belfast in November last year via a tie-up with consultancy Donaldson Legal Consulting. Luxembourg and Frankfurt are not included in the 2017-18 financial results.

By region, Germany saw a particularly sharp increase in turnover at 46%, followed by the UK (24%) and Paris (18%).

Chissick commented: "Germany is now about the same size as our Paris office. We are a little bit smaller than we would like to be in Germany, but we've had a couple of good laterals coming in and the investment over last few years has come through in Munich, Duesseldorf and Hamburg. We've had a very strong run in privacy and life sciences there as well."