Allen & Overy substantially increased the cash on its balance sheet in the last financial year following a series of protective measures undertaken at the start of the pandemic, its latest accounts have shown.
The firm’s cash and cash equivalents figure jumped 79% to reach £352.1 million as of April 2021, according to its limited liability partnership accounts filed at the U.K.’s Companies House on Wednesday. The figure refers to the firm’s LLP and subsidiary undertakings.
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