Legal Business

A&O leads City’s big four amid subdued results

Firm posts 8% PEP hike and 4% revenue increase

With all of the Magic Circle financial results in, Allen & Overy (A&O) has outperformed its peers in an otherwise muted year of growth for the London elite, which saw both Clifford Chance (CC)’s and Freshfields Bruckhaus Deringer’s profitability drop.