Legal Business

City’s big four rides churning forex markets as A&O leads the Magic Circle on results

Double-digit fee growth for A&O, Links and CC but Freshfields stalls

Dramatic swings in foreign currencies against Brexit-battered sterling have lifted reported results from London’s big four, with double-digit growth rates for Allen & Overy (A&O), Clifford Chance (CC) and Linklaters. Freshfields Bruckhaus Deringer’s growth, however, has stalled in what has been a record year for the Magic Circle.