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Clyde & Co sees 17 percentage turnover rise for the first half

By Evie Kanagasooriam

20 December 2016 at 12:31 BST

Currency movements and a string of tie-ups have helped propel Clyde & Co to a robust half-year result.

Clyde & Co saw a 17% turnover rise for the first half-year of 2016-2017. During the equivalent period, it increased to £224m from last year’s £192m and beat last year’s turnover rise of 8%. Excluding currency movements and the firm’s Scottish and Miami mergers with Simpson & Marwick and Thornton Davis Fein, the turnover rise is actually closer to 10%. Clyde & Co has seen robust global expansion in the US, Middle East, North Africa and Australia and Asia-Pacific. The firm grew by taking teams from German firm Noerr in September and Australian firm Lee & Lyons last December.

Chief Executive Peter Hasson said: 'The mergers at the back end of last year have delivered what we expected…We get a small benefit from currency. All the bits of the business are performing within the areas we'd expect. We've had a decent first half in the US; Singapore and Australia have done well, but its consistency.'

Sources: Legal Week; Legal Business; The Lawyer


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