Allen & Overy said Wednesday that its gross revenue and overall net income increased slightly in the firm's most recent fiscal year, while its profits per partner were essentially flat compared to the third year in a row.
The U.K. Magic Circle firm reported taking in $1.84 billion in gross revenue during the 12-month period that ended April 30—a 0.6 percent increase over last year. The firm’s net income, meanwhile, was up 2.2 percent, to $770 million. Profits per partner held steady at $1.7 million.
