Allen & Overy's  (A&O's) management team took home a combined £15.8m during the last financial year, according to the magic circle firm's limited liability partnership (LLP) accounts.

The group's profit share represents a 16% increase on the £13.6m awarded to management last year.

A&O's key management personnel include senior partner Wim Dejonghe and managing partner Andrew Ballheimer, as well as the heads of the main global practice groups and the support directors.

The accounts also confirm that the highest paid member in 2016-17 received £3.5m, as previously announced by A&O.

The increase in management pay reflects a stellar year for A&O, in which revenue climbed 16% to hit a record high of £1.52bn, while profit per equity partner shot up by 26% to £1.51m. Profit before tax climbed by 27% during the year, up from £563m to £716m.

The average number of partners increased by five from 523 to 528 in the year, while full equity partners rose from 434 to 441.

A&O's fee-earner headcount grew by 55 from 2327 to 2382, while support staff numbers fell slightly from 2205 to 2199, meaning total staff headcount climbed marginally by 1.1%.

Staff salaries and bonuses jumped 17% from £356.8m to £416.3m for the year, with total staff costs climbing by 14.5% to £523.2m.

In a statement within the accounts, the firm said: "Our new businesses and ICM practice grew strongly and we enjoyed good growth across most practice areas. We also benefited from favourable movements in exchange rates, although we continue to see competition and pressure from clients to manage total legal spend."