The results are in, and the winner is clear – at least across the magic circle.

Allen & Overy (A&O) has eclipsed its peers with double-digit growth in both revenue and profit per equity partner (PEP) that outstrips its closest rivals by some distance. Even in a year during which the weak pound has bumped up overseas revenues when converted back into sterling, A&O’s 16% revenue growth and 26% hike in PEP looks hugely impressive.