Linklaters is still well ahead - 13 per cent - on profits per equity partner. While Allen & Overy equity partners averaged profits of £1.21, Linklaters partners reached £1.37m. While Linklaters managed just a one per cent increase in turnover, Allen & Overy pushed up four per cent.
Investigations
Allen & Overy has a clear strategy of focusing on cross-border work which it finds is generally more profitable. About 71 per cent of its income was earnt this way. Disputes resolution has also now come on board as a practice area that works internationally. Wim Dejonghe, global managing partner, said: 'Five years ago, disputes was looked at as a domestic practice but this has gone international because of the increase in regulatory work and investigations.' Source: Legal Business
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