Legal Business Blogs

H1 2015/16: ‘An exceptional year’ – OC still going strong with double digit revenue growth at home and abroad

Osborne Clarke (OC) has posted another set of strong financial figures for the first six months of the year, with a 25% increase in turnover across its international business, and a 14% increase in UK revenue.

Revenues internationally, where the firm has offices in eight locations including the US and Germany, have grown from €89.1m to €111m while in the UK revenue has grown from £47.8m in 2014 to £54.6m this year.

OC UK managing partner Ray Berg said it had been ‘an exceptional year’ for the firm with highlights including expanding the firm’s international practice, and converting to a limited liability partnership (LLP) in September. In October OC formalised its relationship with local Hong Kong firm Koh Vass & Co, paving the way for a merger between the two firms.

In March the firm was awarded Law Firm of the Year at the Legal Business awards, and was commended on its recent growth trajectory and its focus on sectors and issues that are at the cutting edge of the law.

Berg added: ‘This has been achieved by a great deal of hard work from all of our people across the business and it’s great to see this reflected in our financial results.’

The firm fared better than the same period last year, when it reported a 17% revenue lift across the international business, from €77m, to €89.1m, and a UK lift of 13.5% from £42.1m to £47.8m.

Fieldfisher and Fladgate are the only other firms so far to announce financials for the first six months of 2015/16. Fieldfisher posted revenue growth of 8% to £58.4m, up £4.1m while Fladgate reported a 12% rise in turnover to £19.1m.