Herbert Smith Freehills’ (HSF) profit per equity partner (PEP) has increased by 11%, marking the second year of double-digit growth in the figure at the firm.

PEP now stands at £949,000 ($1.2 million) at the Anglo-Australian outfit, which has also boosted its global revenue by 4% to hit £965.7 million ($1.2 billion). It has been a better year for the firm, which last year posted revenue growth of less than 1%.