Norton Rose

Last year was like any other for Norton Rose: two Canadian mergers, one South African merger. And in 2013 the tie-up trail will continue: The Lawyer reported a merger deal with US firm Fulbright & Jaworski last November with the deal set to go live on 1 June.

Norton Rose posts its revenue figures in US dollars. Turnover for 2011–12 was $1.32bn (£822.3m), an increase of 9 per cent on 2010–11 excluding the mergers with Ogilvy Renault and Macleod Dixon in Canada and Deneys Reitz in South Africa. Norton Rose did not provide a revenue breakdown for its Australian, Canadian and South Africa arms as this would mean revealing results in legal market cultures where this rarely happens.

Litigation has seen a significant increase as a proportion of overall turnover, from 21.5 per cent to 32 per cent, with the firm taking on significant contentious capability through its latest mergers. However, corporate has also seen an increase, from 34.7 per cent to 39 per cent of global turnover. Finance dropped from 31.1 per cent to 23 per cent, while real estate accounted for 4 per cent, down on 8.1 per cent last year.