With Allen & Overy (A&O) comfortably leading its peer group in the 2016/17 reporting season, the release of its full accounts was always going to look rosy. As it is, the City giant’s limited liability partnership (LLP) filing demonstrates just how good business has been for its c-suite, partners, staff and the tax man with forex movements further supporting robust underlying growth.
Key beneficiaries include A&O’s management team, which saw a collective remuneration hike of 16% to £15.8m, according to its LLP filings. The Magic Circle law firm’s senior partner, managing partner, global practice heads and support directors’ combined earnings for 2016/17 compare with £13.6m for the previous financial year.
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