Reading: Osborne Clarke reports 23% revenue increase
International legal practice Osborne Clarke has reported a 23% increase in global revenues, with income for 2015/16 of €236.3 million. In the UK, where the firm has offices in Reading, Bristol and London, it saw an increase of 17% in revenue from £96.5m in 2015 to £112.9m in 2016.
The past year has seen 13 lateral partner hires and six partnership promotions internationally; and some highlights have been representing some of the most exciting start-up companies as well as many of the world's leading technology companies such as Facebook and GoPro.
The firm also advised real estate private-equity firm, Niam, on the close of its €800m Nordic property fund, the largest fund of its kind; and it secured Google Ventures as a new client and advised on its lead role in the funding of music publishing firm, Kobalt Music.
In addition it acted for long-standing client, Student Castle, on the sale of a £330m portfolio of student accommodation; and advised Foresight Group, a leading independent infrastructure and private-equity investment manager, on over 25 acquisitions worth £300m.
Ray Berg, Osborne Clarke’s UK managing partner, commented: "We have had an exceptional track record for the last four years, but we don't plan on resting on our laurels. We will continue to build on the strong foundations of our business by developing our core areas, investing in our people, delivering on client promises, and expanding our business internationally."
Simon Beswick, international CEO of Osborne Clarke, commented: "We've invested strategically in our international growth by positioning ourselves as market leaders in the sectors affecting our clients. This approach has ensured both the success of our existing and new offices and contributed to our overall performance during the last year."
