Accounts revealed: Allen & Overy profits jump £35m as it cuts staff costs Jaishree Kalia7 January 2015Financial results Allen & Overy (A&O) is the latest Magic Circle firm to release its LLP accounts for the 2013/14 financial year, posting a 7% profit-before-tax increase from £497m to £532m, while average profits per full partner were up 6.7% to £1.12m.Your limit of 1 article in 30 days is up. Please login for full access or subscribe. Corporate users - click here for simple access (no password needed). For more information, please contact [email protected] Related ContentMore in this categoryPaul Hastings restocks high yield with A&O Shearman partner and relaunches Brussels officeBeyond New York and London: the must-have locations for the global eliteTrading Places: Cleary hires A&O Shearman capital markets duo as Freshfields tech M&A pair move to CovingtonBCLP revenue bounces back as McDermott breaks $2bnWhite & Case breaks $3bn revenue barrier while PEP jumps 27%Freshfields US revenues rise 26% as firm breaks £2bn mark for first timeRevolving doors: Simpson Thacher, Latham, Sidley lead New Year London movesFive partners vie to succeed Hoyland as Simmons managing partner‘Seize every opportunity’ – Paul Hastings partner Reena Gogna on City law, Suits and poetry