Osborne Clarke reports 19 per cent international revenue increase

International legal practice Osborne Clarke, first established as a Bristol law firm in 1748, achieved revenues of €407 million for 2021/22, a 19 per cent increase on 2020/21, and a 66% increase over five years.

Omar Al-Nuaimi, Osborne Clarke's International CEO, said: "It's been a fantastic year and I'm so proud of the hard work and dedication of our teams. While market conditions have been favourable, our business strategy is driving stronger client relationships and delivering strong results. We have had a number of highlights during the last year.

"Our US platform continues to be key in helping us win and develop more global client relationships, while our new 30 strong team in Poland has given additional scale to our European practice. Elsewhere we've grown aggressively through lateral hires, strengthened our international approach to ESG and we are investing in new technologies that will support our firm's ongoing digital transformation."

Lara Burch, Osborne Clarke's Bristol Office Head, added: "Impressive as our revenue growth is, it's not the full story.  As the firm continues to grow, being a responsible and ethical business continues to underpin all we do.

"Our upcoming move to Halo, set to be one of the UK's most sustainable offices, is incredibly exciting and will further establish Osborne Clarke as a company that values diversity, inclusion, sustainability and our people's well-being. We want to be as attractive an employer for Millennials as we are for Gen Z, creating a work environment that appeals to the South West's diverse young talent."

In the UK, Osborne Clarke's income increased by 20 per cent to £199.1m, from £166.4m in 2020/21. The firm continued to strengthen its financial stability with increasing cash resources to £45.8m, up 12% on 2020/21.

In addition to revenue growth, UK net profit also increased by 14 per cent, from £67.9m in 2020/21, to £77.2m.