The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Allen & Overy half-year turnover up 11 per cent" />Allen & Overy's (A&O) half-year turnover increased by 11 per cent to £548m compared to the same period last year.
The firm said that the results were buoyed by the impact of global market turmoil.
Managing partner Wim Dejonghe (pictured) said: "Business is holding up for us because of the investment we have made in building a multi-disciplinary, global firm. Clients are facing really difficult times, with complex cross-border issues, and they are coming to us for help."
A statement from the firm added that the financial crisis had led to a "flight to quality" for top-end cross-border legal advice.
The statement also stated that a number of the firm's core departments profited, particularly litigation, banking - especially in restructuring and bankruptcies - regulatory, financial institutions M&A and capital markets work.
However Dejonghe added that the firm remained cautious in its outlook: "No-one can predict with any certainty what will happen in the next six months, but we're hopeful that being a well-diversified, global firm will enable us to get through these difficult times."