Bird & Bird projects 5 per cent revenue rise at half-year

Bird & Bird has projected revenue growth of five per cent for the first six months of the current financial year.

The percentage rise is calculated in euros, the firm’s reporting currency, and mirrors its year-end financial results for 2012/13, when turnover rose 6 per cent from £235m to £249m. Calculated in sterling, half-year revenue for the current year rose 10 per cent.

The firm would not reveal its exact turnover figure, but confirmed that half-year revenues in the previous financial year were up 12 per cent when calculated in euros. A spokesperson said the percentage change since then was down to “currency fluctuations.”

In a statement Bird & Bird said it had continued to invest in its international offering in recent months, opening its Danish office in May as a result of its merger with Danish IP/IT boutique Bender von Haller Dragsted (11 March 2013) and its second office in the United Arab Emirates following a Dubai launch last month (14 November 2013). 

The Dubai launch followed the firm’s recruitment of Al Jazeera’s chief legal officer Osama Abu-Dehays, who is based in the firm’s Abu Dhabi office, last summer.

Meanwhile the firm’s Copenhagen office, its 25th, means Bird & Bird will have a presence in Denmark, Finland and Sweden, three of the most advanced knowledge economies in the world.

The technology firm said it has made seven lateral hires since last October, including 11 internal promotions.