The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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 (A&O) has posted a better than expected turnover for the last financial year, with gross fees rising by 17.4 per cent to £580m
The Lawyer also understands that partner profits look set to dip just below last year's record levels, with plateau partners still earning over £1m. In November last year, The Lawyer revealed that A&O was slashing its partner drawings by 20 per cent as a response to the downturn. "A quarter of the way into the year, the budget was proving optimistic," said a source. "It was about prudential financial planning and to stop partners getting complacent." A&O's performance was helped by its strong showing in the M&A tables last quarter. "You only need one M&A transaction to transform things," said a source.