Bird & Bird has posted a revenue rise of 4 per cent from £249m to £259m but has indicated that net profit will be down on the £47.5m reported at the 2012/13 year end.
It comes after an expansive year at the firm, which has seen it push for growth in the Asia Pacific region.
In February Bird & Bird signed a cooperation agreement with South Korean firm Hwang Mok Park (25 February 2014). It was the first international firm to tie-up with one of Korea’s top 10 firms by lawyer numbers, although the strategic alliance is on a non-exclusive basis.
That came almost a year after the firm tied up with Australian TMT boutique Truman Hoyle (22 March 2013). It also has a similar cooperation agreement with Chinese firm Lawjay Parnters and Malaysian firm Tay & Partners.
The firm has enjoyed more than 25 years of continued revenue growth. Since 2007/08 turnover has climbed 80.2 per cent from £143.7m.
It is yet to publish average profit per equity partner (PEP) figures. Last year PEP stood at £515,000, up 10.3 per cent from £467,000 (4 June 2013).
Bird & Bird has continued expansion at the beginning of the financial year. Yesterday the firm announced a move into Indonesia through strategic cooperation agreements with two Jakarta-based firms, IP boutique K&K Advocates and five-partner firm Nurjadin Sumono Mulyadi & Partners (25 June 2014).