Revenue rose, but profits fell amid the pandemic crisis, the firm said.
Revenue rose at A&O, the first top UK firm to unveil its results, ahead of what is set to be a difficult reporting season.
July 16, 2020 at 09:57 AM
1 minute read
News Editor
Allen & Overy has posted a decline in profits and average profit per equity partner in its results announcement for the last financial year.
The figures — the first to be released by a top U.K. firm so far this reporting season — show A&O increased its global revenue by 4% in the financial year ending in April 2020 to reach £1.69 billion. But its profits dipped by 2.5% to hit £690 million, while profit per equity partner also fell 1.7% to £1.63 million.
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