Osborne Clarke has increased its international revenues by 11% to hit €304 million.

Non-U.K. revenues now account for 44% of that figure. U.K. revenues rose by nearly 8% from £139.3 million to £150 million and profits were also up 3% at £63 million.

The firm's profit per equity partner (PEP) dropped slightly by 1.1% to £703,000.

Osborne Clarke international CEO Simon Beswick told Legal Week: "Year on year, our client base gets better, our work gets better and we're attracting better people."

According to Beswick, the firm is currently mulling the future of its Sweden office after several departures.

In February, half of the firm's eight-partner Stockholm office – established in 2017 – left the firm, followed by another two partners within a month.

The firm is one of the latest to announce its 2018-19 financial results.

Yesterday (July 26), listed law firm Gordon Dadds revealed it had grown its revenue by two thirds during the most recent financial year, boosted by several acquisitions.

Other mid-tier firms to have recently announced their results include Shoosmiths, which posted modest revenue and profit rises of 7% and 6% respectively, and Addleshaw Goddard. Addleshaws' revenues jumped by £33 million to £275.4 million, while total profits grew by 16% to £100.7 million from £87 million.