Linklaters has posted drops in profit per equity partner (PEP) and profits in its results for the 2019/20 financial year, following Magic Circle rival Allen & Overy in the trend. 

Linklaters PEP fell by 5% to £1.61 million, while profits were down 3.3% on the previous year, standing at £726.9 million.

Linklaters revenue barely increased, nudging up by 0.7% to hit £1.639 billion. The firm sits just behind A&O, which earlier on Thursday announced revenue of £1.69 billion.