News A&O’s PEP pips a million as currency exchange boosts revenues to a billion By The Lawyer 10 July 2009 00:01 17 December 2015 16:03 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer Anonymous 10 July 2009 at 11:54 Does this officially make CC the sick man of the Magic Circle? A&O is also finance heavy and this shows when you compare it with Freshfields & Linklaters and all firms have restructured this year (except Freshfields), but CC’ numbers look particularly bad. In the meanwhile their US operation is notoriously hemorrhaging lawyers and their CEE strategy seems just out of sync with everybody else or at least confused (open in Kiev & Bucharest, close Budapest).I think they were too focused on revenue, but not on quality. Reply Link Anonymous 10 July 2009 at 13:04 At least we know our redundancies were good for something! Reply Link Anonymous 10 July 2009 at 14:29 “At least we know our redundancies were good for something!” Yes, lining partners’ bulging pockets. It’s the same old depressing story. Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.