Magic circle firm Allen & Overy saw global turnover grow by 11% to £736 million for the financial year ended 30 April 2006, while profit per equity partner rose 20% to £788,000. Senior partner Guy Beringer said: 'Our improved performance reflects the generally favourable economic conditions in most of the countries where we operate. This result reflects the buoyancy of our core markets of mergers and acquisitions, finance and litigation around the world, the strength of our international network and improved business efficiencies.' Each employee is expected to receive an annual bonus payment equal to eight weeks' salary, after the bonus pool was increased by 33% from the previous year.