Osborne Clarke turnover tops £90m as German revenues flourish

Osborne Clarke has revealed revenue growth of 8 per cent for the 2010-11 financial year.


Simon Beswick
Simon Beswick

Osborne Clarke has revealed revenue growth of 8 per cent for the 2010-11 financial year.

The firm brought in £90.3m in fee income for the year to 30 April, up from £83.7m in 2009-10. UK turnover was up 6 per cent to £73.4m, while the firm’s German arm saw its revenue grow by 18 per cent to £16.9m.

Managing partner Simon Beswick told The Lawyer: “This is as good a performance as we could have hoped to achieve this year.

“It was a year of very different parts so part of the way through we never thought we would get anywhere near this result, but we had a great last few months.”

Osborne Clarke has yet to reveal its profit figures although Beswick said he expected net profit to increase, while profit per equity partner (PEP) would see “a small increase” after the number of equity partners at the firm rose by 10 per cent.

Beswick highlighted projects, real estate, finance and corporate as the practice areas that saw the best results during the year. Revenue from the projects group grew by 31 per cent, while real estate was up 16 per cent. Property litigation also had a strong year, growing by 35 per cent across the firm.