International legal practice Osborne Clarke, which employs over 500 people in its Bristol office at Temple Quay, achieved an income of £281m, an 11% increase on revenue in the previous year (which was £253m).
In the UK, it has also announced that its revenue surpassed £150m for the first time, up from £139.3m in 2017/18 to £150.1m in 2018/19. The firm continued to maintain its financial stability with cash resources for 2018/19 at £23.5m, up £1.5m on 2017/18.
In addition to revenue growth, UK net profit also increased by 2.9%, from £61.2m to £63m in 2018/19.
Osborne Clarke made a number of planned investments in new technology platforms, refurbishing its flagship London office and maintaining payment of a profit share.
Ray Berg, UK managing partner at Osborne Clarke, said: “Our people are key to our business and we couldn’t achieve these results without their hard work. We recognise that taking care of our people means we can provide better services for our clients.
“It’s been an exciting year for us, we’ve enhanced the range of services and technologies we offer clients and improved working environments and development opportunities for our people. We continue to have strong results which means we can make greater investments into the business to support our ongoing success.”
Peter Clough, head of Osborne Clarke’s Bristol office said: “It’s been an exceptional year for Osborne Clarke and our Bristol office. We continue to offer our clients innovation through our Bristol-based OC Solutions team, and our commitment to investing and training our people in the latest technologies.
“The strength of our work in the region has been recognised at the Bristol Law Society Awards, where we were named Law Firm of the Year. This award, coupled with our solid financial results, is a fantastic endorsement of the high-profile and quality work our people have been doing in the South West and beyond.”