Shearman & Sterling’s equity partner profits spiked by nearly 20 percent last year, as the firm posted revenue growth across several practices while also cutting back its equity partner ranks.

Shearman & Sterling’s gross revenue rose 6 percent to $912.5 million, boosted by strong performances in mergers and acquisitions, international arbitration, asset management, real estate and project finance, said senior partner Creighton Condon.