A&O senior management make £14.2m

first_img Show Comments ▼ Tags: NULL SENIOR ANAGEMENT at legal giant Allen & Overy (A&O) collectively took home £4m more last year, according to the firm’s financial statements.In the year ending 30 April 2010, management, including senior partner David Morley and managing partner Wim Dejonghe, made £14.2m last year, marking a rise from 2009 when that figure came in at £9.9m.The salary pot was also shared with partners who head up the firm’s main practice areas and supporting directors. whatsapp KCS-content whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org A&O’s balance sheet also showed that during the year, the firm’s partners injected £34.9m of capital into the business, marking a rise from 2009 when £15.9m was contributed by partners. A spokesperson for A&O said the figure was not a cash call but was the result of an increase in the number of new partners. The business said these came from promotions and a raft of new hires.The Magic Circle firm, however, saw revenue fall by four per cent during the 2009-10 year to £1.05bn as markets continued to struggle.Staff headcount fell by nine per cent during the year to 4,608, after the firm finalised a radical restructuring, which cost £19.6m.But Morley remains confident about the prospects for the legal outfit next year.“We’ve been through a huge economic dislocation. We’ve survived that, and, in many ways, thrived. That’s because we are flexible and… we can adapt quickly to a change,” said Morley. Monday 13 September 2010 7:36 pm Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald A&O senior management make £14.2m last_img