Bird & Bird has achieved double-digit growth in both revenues and profits in its half-year results.

The firm reported a 12% increase in revenue from €177m to €197m (£171.2m), and a 15% profit jump from €52m to €59m (£51.3m) for the first half of the current financial year, compared to the same period in 2017-18.

Bird & Bird's LLP accounts for the full 2017-18 financial year, filed at Companies House, showed the firm's key management personnel took home a combined €6.4m (£5.56m) during the year. The 16% increase followed the addition of one member to the group.

The amount the firm's top earner took home last year remained flat compared to the previous period, with €1m pocketed.

The firm overhauled its management structure following a governance review in 2017, with the re-organisation slashing its board members to improve efficiency.

Its board had consisted of 18 people at the start of the 2017-18 financial year but following the restructure, 11 members stepped down. Those included German managing partner Sven-Erik Huen, Nordic region head Jori Taipale, and Asia-Pacific chairman Justin Walkey.

Bird & Bird's CEO Kerr said that "a giant board" previously made it difficult to discuss issues, and that a "small but very focused board" will be much more efficient.

A number of the former board members formed a new executive committee consisting of nine people, but the firm declined to give its specific make-up.

The board now consists of eight people following the resignation of a member at the start of this financial year.

Kerr highlighted the firm's Asia-Pacific, Nordic and central European practices as having particularly contributed to the half-year revenue results, along with "unexpectedly good growth" in corporate work – partly due to the low value of sterling, he added.