Osborne Clarke boosts fee income 18 per cent

Income continued to rise at Osborne Clarke, which reported 18 per cent growth in fee income for the first six months.

The Bristol based firm said fee income increased to £46.5m from £38.1m a year earlier.

“We are ahead of target to date and expect to be ahead until Christmas,” managing partner Simon Beswick told The Lawyer. “However we have concerns about January. It won’t be until the second or third week of January that we, like other firms, will be able to see the strength of the deal flow. That will help us assess our strength for the next year.”

Osborne Clarke’s German offices, in Cologne and Munich, also posted a year on year profit increase of 32 per cent to £4.5m.

Beswick said the firm aims to grow its international dispute resolution team in the forthcoming year through lateral hires.

The firm broke through the £500,000 profit per equity partner (PEP) ceiling earlier this year after winning some high profile clients. The firm’s real estate team advised Eurostar on its move to St Pancras station and the investment group Topland on the sale of its joint venture with Tesco.