International firms see revenue growth in FY2017

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Key international law firms with substantial India practices announced increases in revenues and profits for the financial year ended 30 April 2017.

Allen & Overy recently announced a 27% increase in global profits and a 26% rise in profits per equity partner (PEP). The firm’s annual revenue rose by 16% to £1.52 billion (US$1.98 billion), while its profits were £716 million and PEP £1.51 million.

Allen & Overy, which advised on bond offerings by Hindustan Petroleum, ONGC Videsh, Indian Oil Corporation, Oil India and Bharat Petroleum Corporation, said that 74% of its £1.52 billion revenue was from matters involving two or more countries.

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