Wake Up Call: Elite U.K. Firms Brush Off Brexit to Post Strong Results

• Elite U.K. law firms Allen & Overy, Clifford Chance, Freshfields, Bruckhaus & Deringer, and Linklaters posted strong financial results, including record profits per partner, for their most recent financial year. Brushing off the impact of Brexit and international political uncertainty, all four firms had global revenues topping 1.5 billion pounds ($1.93 billion). ( Financial Times ) Allen & Overy, whose revenues rose 16 percent and profits per equity partner rose 26 percent in 2016, is now the second largest magic circle firm by revenue, behind Clifford Chance. ( The Lawyer )

• U.K. authorities are investigating Clifford Chance over a controversial litigation financing ...