In a strong year of growth, average distributable profit per partner increased by 11% to £749,000 from £667,000 in FY20. Distributable profits before tax increased to £533m, up from £479m in FY20.

All salaried staff were also paid a one-off bonus in recognition of their hard work during the covid pandemic, with an £83m bonus pot split between the 17,000 employees.

The Big Four firm noted strong growth across all its service lines with revenues in strategy and transactions up 12.1%, consulting grew 9.5%, assurance 5.8% and tax 4%.