Half-year turnover at magic circle firm Allen & Overy have risen by 3% on last year, the firm reported today.

For the six months ending 31 October, turnover at the firm rose to £526m, up from £511m over the same period in 2009. The firm said that turnover rose across all practice areas.

More than half of the firm’s revenues were generated overseas. Allen & Overy reported strongest performance in the Asia Pacific region, London, Moscow and New York.

Managing partner Wim Dejonghe said: ‘Our strategy of investing in new markets has helped deliver steady growth, which reflects the diversified nature of our business. Our new offices in Australia, Indonesia and Qatar are showing positive early progress, and we now have the largest global network of any of our major competitors. This means we’re perfectly positioned to take advantage of the shift in the balance of international trade and capital flows from the west to the east.’

This year, Allen & Overy opened offices in Sydney, Perth and Doha, and launched an associated office in Jakarta.