2Birds’ expansion comes good with 30 per cent revenue hike

Bird & Bird has announced a 29.7 per cent increase in gross revenue for the 2008-09 financial year.

Total turnover at the ­technology and IP-focused firm grew to £186.3m from £143.7m for the previous year.

The firm said that 9 per cent of the increase in ­revenue could be put down to the considerable expansion it has undergone recently.

Over the past year the firm has opened in Finland via a merger with Fennica Attorneys and has also set up offices in the Czech Republic, Hungary, Poland, Shanghai and Slovakia.

The firm also merged with London firm Lane & Partners and entered into a global association with Alban Tay Mahtani & de Silva in Singapore.

Organic growth in ­existing locations accounted for 12 per cent of the growth, the firm said.

Bird & Bird also revealed that its sterling figures were enhanced by the strength of the euro against the pound. This boosted ­revenue by around 9 per cent and also improved profitability.

Average profit per equity partner at the firm stood at £481,000 last year, a drop of 6.5 per cent compared with the previous year’s figure
of £515,000.