The UK magic circle saw growth hampered by the faltering euro in 2014-15, with Allen & Overy (A&O) the only firm with an international spread to see a marked revenue increase in the last financial year.
Combined turnover across the five elite firms rose by 1.9% to £5.6bn year-on-year, while average growth in turnover stood at 3%, pulled up by A&O and a strong performance by Slaughter and May’s domestic-focussed practice.
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