04 Jul 2016

Clyde & Co posts double-digit revenue growth

Clyde & Co has posted a 13 per cent jump in turnover for the 2015/16 financial year from £395m to £447.3m, topping the previous year's 9 per cent increase.

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The figures include revenues from Scottish firm Simpson & Marwick, with which Clyde & Co merged last October. Excluding Simpson & Marwick, revenue growth was nine percent. Profit per equity partner climbed to £665,000 from £600,000.

Continued expansion

Since 2011 Clyde & Co has added 25 offices and 2000 staff globally. In the past 12 months that includes the addition of six offices in the UK through the merger with Simpson & Marwick, the acquisition of a 30 lawyer team from Sydney-based Lee & Lyons and the addition of a sixth US office via a merger with Miami litigation boutique Thornton Davis Fein (launched 1 July). The firm now has 3300 people in 45 offices worldwide.

‘Clear strategy’

Clyde & Co Senior Partner James Burns said, ‘Law firms face a more complex array of pressures than ever before. To achieve double digit growth in this market while improving profitability is a very good result. It stems from our clear strategy, a constant focus on meeting the needs of our clients and an unwavering commitment to execution.’

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