Allen & Overy records sixth year of increased revenue and profits

 
Lauren Fedor
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INTERNATIONAL law firm Allen & Overy saw profits increase by seven per cent for the year ending 30 April, the firm announced today.

The legal practice, which is based in London but has 45 offices worldwide, reported profits before tax had increased by £38m to £570m for the year, while revenues were £1.28bn, a four per cent increase from the previous year.

The results marked the sixth consecutive year of growth in revenue and profits for the Spitalfields-based firm.

Allen & Overy said it had advised clients on 1.3 trillion of transactions across mergers and acquisitions, debt and equity capital markets, loans and projects throughout 2014.

Commenting on the results, the firm’s global managing partner Wim Dejonghe said: “We continue to enhance the flexibility of our business model so we can deliver what our clients need, while simultaneously catering to the changing needs of our workforce.”