A&O management pay rises 7% while profits decline
Allen & Overy (A&O) was paid a total of £13.6m, or 7 per cent more 2015/16 compared to the previous year’s figure of £12.7m. Meanwhile, net profit dropped from £554m to £540m, while profit per equity partner dipped to £1.2m.
The firm increased staff from 4,422 to 4,532, although partner headcount was reduced from 527 to 523. A&O has also revealed its results for the first half of 2016/17, reporting growth of more than 2 per cent thus far.