Allen & Overy half-year results up 11 per cent
Allen & Overy announced its half-year financial results for the six months ended 31st October, with turnover at £548 million (USD866), up 11% from £593 million for the same period last year.
Wim Dejonghe, managing partner, explains: "Business is holding up for us because of the investment we have made in building a multi-disciplinary, global firm. Clients are facing really difficult times, with complex cross-border issues, and they are coming to us for help.
"But these are unprecedented times for all of us, so we remain cautious in our outlook. No-one can predict with any certainty what will happen in the next six months, but we're hopeful that being a well-diversified, global firm will enable us to get through these difficult times."
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