Osborne Clarke CEO Omar Al-Nuaimi announces €547.5m revenue as international business grows
The firm also continues to witness strong growth across all areas of its regulatory expertise
Osborne Clarke has announced that its international business grew by 4 percent in revenue over the past financial year, reaching €547.5m.
Its UK turnover rose by 7 percent to £256.6m, with profit per equity partner (PEP) breaking the £800k threshold for the first time. It equates to a five-year growth of 166 percent, with international business expanding 72 percent.
Omar Al-Nuaimi, the firm’s international CEO, remarked, “Growing our international revenue to €547.5m is a great achievement and a testament to the hard work of our teams around the world. This year, we’re investing heavily in creating a seamless client experience by implementing a new international practice management and finance system. This sets us up brilliantly to support planned significant growth over the coming five-year strategic period.”
The firm made 17 partner promotions internationally over the past year and made 10 strategic lateral partner hires.
The firm said it continues to witness strong growth across technology, media and communications, financial services, and retail and consumer teams. Its transaction practice and IP group have also been robust.
Conrad Davies, the UK managing partner of Osborne Clarke, stated, “Our investments in strengthening our team and future-proofing our business are paying off. That means better outcomes for our clients and our people, and I am pleased that we’ve been able to reward our entire UK team with a 5 percent profit share.
He added, “We’ve maintained our focus on our client strategy to ensure we remain trusted partners, combining legal expertise with sector insight to help our clients navigate change and seize opportunities in a rapidly changing environment. We also boosted our OC Solutions offer, with a range of client-friendly innovations coming on-stream that are transforming how we work with our clients.”
The company’s client highlights over the past year include being appointed to National Grid’s main legal panel and reappointed to Taylor Wimpey’s panel. It also successfully represented US-based Optis Cellular Technology in a $502m IP case against Apple in the UK Court of Appeal, which was seen as a major victory for the Standard Essential Patent holders.
Its transactions team advised British fashion brand Mulberry on a £21.2m fundraising and retail offer, and consumer loans specialist Abound on an up-to-£800m financing round. Osborne also advised banking giant HSBC on its investment in Finbourne Technology as part of one of the UK’s largest series B funding rounds.
On the environmental, social and governance (ESG) front, the company has reduced scope 1 and 2 emissions by 42 percent over the past five years, and 16 percent partners and half of its executive board members are certified carbon literate.