Wake Up Call: Allen & Overy’s PEP Jumps on $2.44 Billion Revenue

In today’s column, London-based Linklaters picked a 24-year lifer at the firm as its new global managing partner; Wells Fargo’s former top lawyer and acting CEO has a new gig; Latham wants its London associates to work mainly in the office when pandemic restrictions end.

• Leading off, elite U.K. firm Allen & Overy posted revenues up 5% to 1.77 billion pounds (about $2.44 billion) during its fiscal 2020, the latest Big Law firm to report strong results despite the Covid-19 pandemic. The London headquartered global firm’s profits per equity partner bounced back after a drop in 2019, surging 17% for ...