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A&O’s PEP pips a million as currency exchange boosts revenues to a billion

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.

10-Jul-2009

11:54 am