Norton Rose Fulbright notched double-digit increases in both revenue and PEP in 2025, with the firm seeing a strong financial performance in the US and globally.
The firm boosted its global turnover by more than 16%, closing in on the $3bn mark with $2.8bn in total.
Profit per equity partner (PEP), meanwhile, soared by 27% to hit $2m, with revenue per lawyer (RPL) climbing by nearly 14% to $824,000 globally.
Equity partner headcount also grew slightly over the year, edging up 1.3%, while a three percentage point increase took the firm’s profit margin to 38%.
The firm’s US operations outpaced the rest of the business, with revenue there growing by more than 23%, to $1.2bn, and PEP surging by 32% to $2.7m.
The US also outperformed on RPL, which increased by more than 16% to $1.4m, even as headcount across the firm’s 12 US offices grew by nearly 5%.
NRF, which operates under a Swiss verein structure, merged its EMEA and APAC businesses in 2025, with EMEAPAC now accounting for 41% of its global revenue, at $1.1bn.
The firm now consists of three business units and profit pools across EMEAPAC, Canada and the US.
Norton Rose’s Canada offices represent the smallest of its operations, contributing 18% to its overall revenue in 2025.
Peter Scott, global managing partner for EMEAPAC said: ‘We enjoyed an exceptional year across the board with strong performances on both the transactional and disputes side.’
He continued: ‘This universal uptick across our practices was helped by a rise in cross-border work, particularly with more complex and longer-running mandates involving lawyers from several of our offices around the world.’
In January, Scott was reelected as managing partner for the EMEAPAC region for his third consecutive three-year term.
Meanwhile Farmida Bi, chair of EMEAPAC at Norton Rose, was granted a peerage this year by Prime Minister Keir Starmer for her services to law and charity.
The firm announced last year that it was withdrawing from South Africa, with its three offices in Johannesburg, Cape Town and Durban spinning off from the Norton Rose Fulbright verein by 31 March this year.
