Norton Rose revenues up 7 per cent at half-year

Norton Rose has revealed a 7 per cent increase in revenues for the first half of the 2011-12 financial year.

The growth reflects the firm’s strong year so far in litigation and banking. It is also the first time that the firm’s figures include Norton Rose’s South Africa and Canada branches, which joined the group on 1 June.

Commenting on the growth, Norton Rose chief executive Peter Martyr said “contributing factors vary from country to country, but overall litigation has been strong and banking has performed well.”

Martyr said he anticipated the second half of the year could be more uncertain for the legal industry.

A number of firms have reported a significant rise in half-year revenues (24 October) at the mid-way point of the 2010-11 financial year. Earlier this week Eversheds also announced a 7 per cent turnover rise (14 November).

2011 has been a considerable year of expansion for Norton Rose, with the firm merging with Canadian firm Ogilvy Renault and South Africa’s Deneys Reitz in June. In Octobr the firm announced a further merger with Canadian outfit Macleod Dixon. The merger made the firm one of the world’s five largest firms by headcount, giving it 2,900 lawyers in 43 offices.