Allen & Overy (A&O) and Clifford Chance (CC) have unveiled their new partner promotions, with both firms seeing a decline in the overall number of partner promotions compared with last year, but an increase in promotions in overseas offices.

A&O promoted 28 associates to partner, down from 32 last year, while magic circle rival CC named 35 new partners, down from 38 in last year's promotion round.

A&O's promotions mean the firm breaks the 500-partner mark. Three-quarters of the promotions affect overseas offices with London seeing just eight new partners, significantly down on the 13 it received last year.

Instead, the appointments show the firm's focus on emerging markets such as Bangkok, Dubai, Moscow and Warsaw, which each received one apiece.

The firm's finance group received the lion's share of promotions – gaining 13 new partners, including four in capital markets, while corporate received 10. The firm's employment and litigation groups each gained two new partners.

CC's promotions also showed the firm's focus on international expansion with fewer than one-third (11) seen in the magic circle firm's London office.

New York and Frankfurt gained four new partners apiece, while Paris and Dubai saw the addition of three new partners, with the remainder split across other European offices and Asia.

The finance group saw the most promotions with 10 new partners, closely followed by corporate with nine. Meanwhile, the capital markets and tax groups saw six and five promotions respectively with real estate gaining three new partners and litigation two.

Explaining the promotions, CC managing partner David Childs (pictured above) told Legal Week: "[These lawyers] represent all practice areas within the firm and 12 of our worldwide offices. The general assumption is that we will see more litigation in the future, but we are not seeing a wall of activity yet."

Neither City firm promoted significant numbers of women, with each making up four new female partners. The promotions, which come into effect on 1 May, will take the total A&O and CC partnerships to 505 and 648 respectively.

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