Magic circle firm Allen & Overy has reported increased revenue and pre-tax profits in the financial year ending in April, ahead of its $3.5 billion merger with US firm Shearman & Sterling in May.
Freshfields Bruckhaus Deringer LLP has announced that it’ll be increasing the number of trainees it takes on to 100, an increase of more than 35%. This decision indicates that the magic circle firm remains confident in its practice, despite the current difficult economic climate.