Norton Rose’s fee income jumps 11 per cent

Norton Rose has seen double-digit growth in its revenues during the first six months of the financial year, with fee income increasing 11 per cent to £141.5m.

During the same period last year the figure stood at £126m.

The firm’s chief executive Peter Martyr said the healthy growth was down to its hubs in Asia, London and the Middle East remaining fairly robust.

“The worst-performing areas stayed flat though banking and corporate finance, as normal, contributed the most to revenues,” said Martyr. “The biggest jump in growth was in regulatory, which was good double-digit growth.”

Martyr said it is difficult to predict how the firm will perform in the next six months, adding that he expects equity capital markets to stay “dead as a doornail”.

“Litigation and regulation will stay strong and in our banking areas, because we are leaders in these specific areas, we’re hoping to be one of the last affected,” said Martyr.

Read our half-year story for more financial results.