Osborne Clarke posts double digit revenue rise at half year stage
Osborne Clarke has posted a 10 per cent increase in turnover for the first half of the 2010-11 financial year.
Half-year income stood at £47m, up on last year’s £42.7m. The firm said its four priority sectors - digital business, financial services, real estate/infrastructure, and energy and natural resources - saw an 11 per cent turnover increase in the first half.
The firm has seen a number of hires this year as part of its accelerated lateral hire programme. They include pensions partner Keith Webster in Bristol from CMS Cameron McKenna (7 November 2011), Taylor Wessing finance partners Dominic Ross and Akmal Ghauri and four additional London recruits in construction, banking, projects and real estate finance (27 September 2011).
Managing partner Simon Beswick said in a statement: “We’ve had a good first half of the financial year in line with our predicted growth. A significant number of lateral hires and continued success at winning premium mandates in our sectors have delivered gains in both profit and revenue.
“The outlook for the second half of the year remains challenging for the industry, but we continued to improve our market share and anticipate that this will be the case in the second half of the year.”
Osborne Clarke generated £90.3m in the 2010-11 financial year, 8 per cent up on the previous year (http://www.thelawyer.com/osborne-clarke/1009331.article).