In revenue terms, Allen & Overy (A&O) was the strongest performing of the magic circle firms this year, seeing revenue dip just 3.8% over the period compared to an average decline of 7.2% across the group. The magic circle firm saw profits per equity partner (PEP) increase 10% to £1.1bn, boosted in part by a 3.2% decrease in equity partner numbers, which have fallen from 370 to 358 over the last financial year in the wake of a major restructuring exercise.
July 14, 2010 at 12:25 PM
1 minute read
The original version of this story was published on Legalweek
In revenue terms, Allen & Overy (A&O) was the strongest performing of the magic circle firms this year, seeing revenue dip just 3.8% over the period compared to an average decline of 7.2% across the group.
The magic circle firm saw profits per equity partner (PEP) increase 10% to £1.1bn, boosted in part by a 3.2% decrease in equity partner numbers, which have fallen from 370 to 358 over the last financial year in the wake of a major restructuring exercise.
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