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 categoryRevolving Doors: Paul Weiss grows funds practice as A&O Shearman welcomes Paul Hastings London partnerA&O Shearman, HSF Kramer and E.ON among contenders for Legal 500 ESG AwardsThe ‘football managers’ of the legal world – why real estate PE partners are in high demandBCLP 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