Allen & Overy (A&O) is the first Magic Circle firm to show its hand in the 2009-2010 financial round, posting a 10 percent increase in average profits per equity partner (PEP) while turnover decreased slightly.
Turnover at the firm fell by 4 percent to 1.05 billion pounds over the financial year, having stood at 1.09 billion pounds the previous year. Meanwhile, PEP rose to 1.1 million pounds from 1 million pounds last year, boosted in part on the back of a 5 percent decrease in average equity partner numbers.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]