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 has posted an 18 per cent jump in its half year revenue.
The magic circle firm’s turnover for the first six months of the 2006-07 financial year stood at £422m compared to £358m for the same period last year.
A&O managing partner David Morley said in a statement: “This is very healthy organic growth. It results from buoyant M&A and finance markets but most of all from our ability to combine impressive individual talent with a great team effort across the firm.”
He added: “The figures show the true strength of A&O around the world. They also demonstrate how, alongside our stellar ICM and banking practices, the corporate business is a real powerhouse that is performing strongly.”
A&O’s average profit per equity partner for the last financial year shot up by 20 per cent from £656,000 to £788,000. Turnover, meanwhile, increased by 11 per cent from £666m to £736m, according to the firm’s limited liability partnership accounts.