Osborne Clarke sees revenues increase by 5% as it posts 2020 financial results

Legal | South West
Peter Clough

International legal practice Osborne Clarke, which employs around 600 people in its Bristol Temple Quay office, recorded revenue of €318 million (£288 million) for 2019/20.

This is an increase of 5 per cent on 2018/19 and an increase of 63 per cent over five years.

Peter Clough, head of Osborne Clarke’s Bristol office, said: “It’s been a challenging year but thanks to the work of our brilliant people we’ve remained resilient.

“Our teams have pulled together to keep the firm running smoothly and to find new ways to support our clients. Announcing our move to Halo in 2022 was a highlight and we are looking forward to creating what will be one of the region’s most high tech and environmentally friendly offices.”

Ray Berg, managing partner, Osborne Clarke, comments: “Covid-19 has taken some of the shine off our results but, like any crisis, it’s how you manage it that can define you. I was incredibly proud at how agile we proved to be, with special mention to our IT and other support teams for their dedication and innovation.

“Our focus since then has been to protect our people and our business by staying as close as we can to our clients to help them navigate this difficult period. Our established expertise in digital transformation has been a great example of a value-added service.

“Q1 in the UK this financial year was not as bad as we had feared but nor as good as we had hoped. But we are optimistic. As we emerge from the pandemic, stronger and more innovative, we will be taking the lead on issues such as decarbonisation and urban dynamics, and helping our clients drive value and opportunity from these global issues.”

In the UK, Osborne Clarke’s revenue increased by 3 per cent to £155 million, up from £150 million in 2018/19.

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