Legal Business Blogs

Osborne Clarke praises sector focus as it posts yet another round of impressive financial results

Osborne Clarke (OC) has posted another round of impressive results, enjoying double digit growth across both its global offices and in the UK.

The firm posted a 23% increase in global revenues from €191.6m to €236.3m; in the UK growth was slightly slower, up 17% from £96.5m to £112.9m. According to the firm, OC’s six sector groups which includes infrastructure, life sciences and digital business, account for over 90% of its UK revenues.

The full-year figures are also slightly lower than the impressive half-year results which the firm announced in November. OC, which then reported an increase of 25% to €111m, attributed the rise to its sector focus and being closer to clients.

Internationally, the offices that performed particularly well were Paris, Amsterdam, Brussels and Hong Kong.

Speaking to Legal Business OC UK managing partner Ray Berg (pictured) said the firm’s performance was down to a number of factors:

‘The first thing is undoubtedly a lot of hard work by everyone in the team across the patch. Its clear focus, knowing what we are doing and really going after it – so the sector focus, over 90% of the incomes come from the areas we are concentrating in.

He added: ‘We’ve really benefited from the international platform over the last twelve months, it’s generated more opportunities for us in the sense that companies, that even domestically may not have instructed us or instructed us for certain work just think of us slightly differently because of our presence. The Legal Business award helped as well because it is great recognition, if we are recognised in the market the way we were last year that is further credit.’

This week, OC announced it had made up three partners in the UK – Jeffery Chang and Matthew Bodfield in corporate and Mary Lawrence in litigation. Bodfield was the only London promotion, while Chang is based in Reading and Lawrence in Bristol.

In January OC promoted three partners in the corporate department in Cologne: Karsten Lisch, Christoph Boeminghaus and Benjamin Monheim.