KPMG has boosted its staff bonus pool by 20% after restoring profits growth following the " first and toughest year" of a three-year turnaround plan.
The professional services firm, which has 583 partners and employs 10,800 staff after cutting about 3% of its workforce in 2012, said UK profits rose 27% to £455 million in the year to September 30.
Average pay for partners increased by 23% to £713,000, while the staff bonus pool lifted by 20% to £73 million. The business has 22 offices across the UK.
Simon Collins, who is UK chairman and senior partner, is to receive £2.4 million after his remuneration package was approved by a vote of partners.
Mr Collins, who founded KPMG's debt advisory practice in 1998 and became chairman in 2012, said: " We have completed the first and toughest year of our three-year transformation plan; getting a sustainable grip on the bottom line.
"I'm really proud that, as a result, we have generated double-digit growth in profitability, which boosts us from fourth to second of our peer group."
Revenues increased marginally by 0.4% to £1.81 billion, with the audit division posting the largest improvement in profit contribution, up by 16% to £178 million.
Earlier this year, the Competition Commission urged major companies to rotate their auditors every 10 years amid concerns about the level of competition.
Advisory services saw a 15% annual increase in contribution to profits to £308 million, while tax saw a small reduction to £140 million.
The company plans to invest £450 million in the UK over the next three years, with some of the spending already evident with the opening of a new t ax compliance centre in Glasgow and acquisition of advisory firm Makinson Cowell.
Mr Collins reported a successful year in technology-related issues such as cyber security and expanding its Tech City hub in London's Shoreditch, with similar developments in Cardiff, Bristol, Leeds and Manchester.
He added: "Our latest UK tax competitiveness report has shown that business still feels that the UK is one of the most competitive geographies to locate.
"We support a fair regime, which is stable and backs companies' efforts to grow; striking the right balance between encouraging investment into the UK and generating tax revenues for the benefit of the UK as a whole."