Law firms Accounts revealed: Allen & Overy profits jump £35m as it cuts staff costs Jaishree Kalia · 7 January 2015 · 2 min read Financial results A&O Shearman 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 categoryA&O Shearman reshuffles executive board with three newly elected partnersLaw firmsKate Peacock13 May 2026‘The centre of gravity for Southeast Asia’ – why PE investment is making Singapore increasingly attractiveLaw firmsKate Peacock8 May 2026A&O Shearman, McDermott, Paul Weiss become latest major firms to cut staffLaw firmsKate Peacock7 May 2026BCLP revenue bounces back as McDermott breaks $2bnLaw firmsTom Cox25 Feb 2025White & Case breaks $3bn revenue barrier while PEP jumps 27%BlogsElisha Juttla6 Feb 2025Freshfields US revenues rise 26% as firm breaks £2bn mark for first timeBlogsAnna Huntley4 Feb 2025Revolving doors: Simpson Thacher, Latham, Sidley lead New Year London movesLaw firmsAnna Huntley9 Jan 2025Five partners vie to succeed Hoyland as Simmons managing partnerLaw firmsTom Cox7 Jan 2025‘Seize every opportunity’ – Paul Hastings partner Reena Gogna on City law, Suits and poetryLaw firmsAnna Huntley7 Jan 2025