Much of the rise is accounted for by its series of mergers, including Oppenhoff & Rädler in Germany, De Bandt Van Hecke Lagae & Loesch in Belgium and Lagerlöf & Leman in Sweden. It also added Brazil, Poland and the Czech Republic to its global operations last year.
|The big four's turnovers|
|Allen & Overy||£580m||£494m|
In common with other magic circle firms, profits have dipped. Last year, Linklaters plateau partners made £1.05m, but this year they will make some £850,000.
Freshfields Bruckhaus Deringer plateau partners are expecting to make some £850,000, while Clifford Chance's are the poorest in the magic circle on £813,000.
Allen & Overy is so far the only major UK firm to put partners on over £1m.