Allen & Overy reports 11% revenue growth

Allen & Overy has posted an 11% increase in revenue in the first half of the year, after investing in key international markets. The firm saw revenues of £582m between 1 May to 31 October, up from £526m in the equivalent period last year. Managing partner Wim Dejonghe said: "We have delivered a healthy performance in the first half of the year; however, with the Eurozone sovereign debt crisis and the US credit rating downgrade, we expect the second half to be slow. Our strategy of expansion into emerging and high-growth markets is paying off and we will keep investing in them.”

Allen & Overy reports 11% revenue growth legalweek.com Thu, Nov 10, 2011