A&O posts 7.4% hike in half-year revenue
Allen & Overy has recorded a 7.4% revenue hike in the first half of the 2013-14 financial year, when compared to the same period last year.
Revenue grew to £608m in the six months to the end of October, up from the £566m that came in during the same period last year.
A&O global managing partner Wim Dejonghe said: “I think we are seeing the first signs of recovery in the economy. I was pleasantly surprised in particular by our performance in Hong Kong and China, given the cutthroat nature of those markets, which have seen growth slow down.
“Capital markets proved to be a surprise standout performer, which has delivered substantially more than we expected. We expected the litigation practice to be strong, but exceeded our expectations. Also, banking was generally in line with our expectations and delivered another strong performance.”