Total revenue for the year up until the end of April was £1.038 billion, which marks a 5 per cent increase on the previous year, the firm noted. Moreover, profit for the year totalled £366.9 million, which is a 30 per cent increase on 2019-20, in which £283.2 million in profit was posted.

Moreover, equity partners at HSF saw their profits for the year jump to £1,099,000 per partner, a 28 per cent rise from last year’s individual figure of £857,000.

Speaking about the financial results, HSF chief executive Justin D'Agostino said that the firm’s resilience and growth in the age of coronavirus were thanks to its clients, its people and the “careful stewardship” of the business.

“Clients turned to us to advise them on major landmark deals and cases, and to help them navigate the increasingly complex regulatory and business landscape,” he said.

“Supporting our clients – many of whom were facing unimaginable conditions – kept our teams busy right across our firm. This strong revenue increase, on the back of client demand and increased market share, accounted for around 60 per cent of our profit increase this year.”

HSF has had “especially positive” revenue performances in Australia, China and London, Mr D'Agostino continued, with some of its newer global offices also performing well.

“Of course, this year’s success is really a story of our people. They performed at the highest level in the toughest of conditions, and we want to thank our teams across the world for delivering for our business and our clients,” he proclaimed.

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“From the first moments of the pandemic we prioritised our people’s wellbeing and worked hard to keep our teams connected and engaged. We acknowledged their amazing response when we were the first firm to announce a global one-off payment of 5 per cent of salary, paid to all staff in March 2021.”

The past financial year, Mr D'Agostino mused, began in a time of crisis and ended, he posited, “in an era of transformation”.

“Looking to the future, no economy, industry or workplace has been untouched by the pandemic, and we too are focussed on transforming our business to face those challenges and make the most of opportunities,” he concluded.

“These results provide a very strong platform from which to take the next steps to achieve our ambitions as a team.”