Allen & Overy (A&O) has joined magic circle rivals including Clifford Chance and Linklaters by topping the £1m partner profits mark, after the City giant unveiled robust results for the last financial year. Profits per equity partner (PEP) at A&O rose by almost a third (31%) from last year's figure of £788,000 to a new mark of £1.03m. Turnover was up from £736m to £887m - an increase of almost 21% - while total profits improvoed by 36% to £395m.
July 12, 2007 at 08:33 AM
1 minute read
The original version of this story was published on Legalweek
Allen & Overy (A&O) has joined magic circle rivals including Clifford Chance and Linklaters by topping the £1m partner profits mark, after the City giant unveiled robust results for the last financial year.
Profits per equity partner (PEP) at A&O rose by almost a third (31%) from last year’s figure of £788,000 to a new mark of £1.03m. Turnover was up from £736m to £887m – an increase of almost 21% – while total profits improved by 36% to £395m.
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