DLA Piper's international partnership, which encompasses all of the firm's non-US operations, has reported a 14% increase in revenue for the 2016-17 financial year.

The firm's accounts for the year to 30 April 2017, filed at Companies House, show that revenue for the year increased by £109.3m (14%) to £876.8m, although £75.5m of the increase was attributable to exchange rate movements.

Director of finance at DLA, Claire Chellam, said:  "Underlying growth is £34m which is 4.5%, which we are very pleased with."

Operating profit also increased 16% to £308.2m, from £264.7m the previous year.

Chellam added: "There was underlying growth in the profit pool. A partner without a change in their band saw their profit share increase by 2% year on year."

Meanwhile, DLA Piper's key management took home £36.1m in the year to 30 April 2017, up 6% from £34.2m the preceding year.

The key management comprises the firm's senior partner and managing partner, other members of the executive committee, international practice group heads, the country managing partners and the service directors.

The accounts also stress that "the majority of key management positions maintain significant client responsibilities".

The firm was led by managing partner Simon Levine and senior partner Juan Picon during the 2016-17 year, although Picon resigned to join Latham & Watkins in Madrid in November 2017, triggering an ongoing election to replace him in the role.

Meanwhile, staff costs increased 15% from £271.1m to £310.5m, while total staff numbers increased slightly from 4,916 to 4,955.

The number of fee earners fell from 2,044 to 2,026 while trainee numbers fell from 389 to 373. The number of support staff increased from 2,483 to 2,556.

Total borrowings fell to £14.4m, from £17.9m the previous year and £33.9m in 2015.