Allen & Overy launches in Indonesia
Allen & Overy has launched an office in Indonesia in association with the single partner firm Daniel Ginting Law Firm. The office in Jakarta will be initially be run by an eight-member team and will focus on project finance, capital markets and Islamic finance.
The firm has reported revenues of £1.05 billion for the 2009-10 financial year, down £1.09bn the previous year, while Profits per equity partner have risen by 10 per cent in the same period. Interestingly, 60 per cent of the firm’s revenues came from outside the UK, up from 50 per cent the previous year.