Norton Rose turnover goes through the roof

Norton Rose has increased its turnover by 25 per cent, while profits soar by 34 per cent on last year’s figures.

Turnover this year has been estimated at £175m and profits at £79m, increasing average profits per partner from £454,000 to £527,000. The banking team has done particularly well, increasing its turnover by 37 per cent.

Within the banking group, asset finance increased its profitability by over 37 per cent and consolidated its relationship with P&O, Stena Line, KLM and easyJet, and HSBC, Chase and Lombard on the banking side.

Acquisition finance partners Andrew Bamber and Tim Polglase are thought to be the highest and second highest billing partners respectively.

Chase and the Royal Bank of Scotland are the clients providing the bulk of the increase.

The international offices have also had a good year, increasing their turnovers in line with the overall figure.

The City office accounts for roughly 80 per cent of the firm’s turnover.