International legal practice reports 12% revenue increase

Peter Clough

Osborne Clarke has announced its 2016/17 year-end financial results with income of €245.1m, a 12% increase on revenues in the previous year.

In the UK, the firm, which has over 400 people in its Bristol offices at Temple Quay, saw an increase of 7% in revenue from £112.9m in 2015/16 to £121m in 2016/17. Non-UK revenue now accounts for 42% of total revenue.

During the last year, Osborne Clarke UK maintained its financial stability, while cash resources rose 29% to £33.4m against £25.8m in 2015/16.

Ray Berg, UK Managing Partner, Osborne Clarke commented: “We have an exceptionally well-run business with a clear strategy and many growth clients. These results reflect the high levels of dedication and commitment across our entire business and emphasise what a great team we have.”

Osborne Clarke’s sector teams account for over 95% of UK revenues. The international business represents clients ranging from market leaders to fast-growth companies that include: Yahoo!, Facebook, CBRE Global Investors, Vodafone, Siemens, Grifols, Foresight Energy and GoPro. Osborne Clarke recently joined the panels for Deutsche Bank and BT.

Peter Clough, Head of Office at Osborne Clarke in Bristol, said: “This year’s results reflect a continuation of the approach which has worked so well for us in recent years.

“This involves sharpening our sector focus, which in this part of the world means areas like technology, real estate, energy, financial services and aerospace, and strengthening our international organisation.

“We also strive to create a happy working environment and make tangible investment in our people – four new Partners have recently been appointed in the Bristol office in the shape of Helen Parsonage, Simon Jones, David Shakesby and Marc Shrimpling, with Douglas Peden bring promoted to Legal Director.”