Allen & Overy (A&O) has reported a 3.6 per cent rise in revenue in the first half of 2015/16, with the firm’s turnover growing from £619.7m to £642m.
The firm attributed a significant proportion of its growth to London, with its corporate practice boosted by several large M&A deals and equity capital markets (ECM) work.
The ECM team has won several new clients recently, including Gym Group, McCarthy & Stone and Ibstock, while A&O is one of many firms acting on Anheuser-Busch InBev’s £71bn purchase of SABMiller.
Finance and disputes were also highlighted as key areas of growth, with good performances in Australia, Belgium, China, Luxembourg, Russia, Singapore, Spain and France.
The firm’s senior partner and managing partner elections will be underway in the next month, as nominations open to replace David Morley and Wim Dejonghe.
A&O celebrated a sixth consecutive year of growth over the summer, as its 2014/15 financials grew by 4 per cent from £1.23bn to £1.28bn. Its contract lawyer service Peerpoint is also continuing to expand in Asia, with alumnus Tony Corcoran appointed as managing director for Peerpoint in Asia Pacific.