With the U.K. reporting season almost at an end, Allen & Overy announced its financials for the 2008-09 fiscal year, reporting a 7 percent increase in gross revenue to 1.091 billion pounds ($2.02 billion) and a drop of just over 6 percent in profits per equity partner (PPP) to 1.05 million pounds ($1.95 million).
Wim Dejonghe, the firm’s managing partner, described the results as, “solid given the market conditions.” The firm had a particularly good first half of the year, at which point revenues were up 11 percent, before the full effects of the collapse of Lehman Brothers were felt.
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