Osborne Clarke’s international business grew revenue 8% over the past financial year, hitting €593.9m and up from 4% growth the previous year.
The firm also grew UK turnover to £271m in the year to 30 April 2026, a 6% increase on FY25 and a 36% rise over the last five financial years.
Net profit in the UK increased by 6% to £93.8m, with the firm maintaining a net profit margin of 35%. Profit per equity partner (PEP) was above £800k for the second consecutive year, at £805k, while the profit share and bonus pool Osborne Clarke UK shared with its employees grew to a record £9.1m, with the performance-related element 12% higher year on year.
Conrad Davies, UK managing partner, said: “These results show a business that is growing consistently and investing with confidence. Against a backdrop of geopolitical instability, inflationary pressure and rapid technological change, we have delivered 6% income growth, maintained good profitability and kept profit per equity partner above £800,000.
“This performance gives us the platform to move decisively from ambition to action, having made substantial investment across people, finance, operations and technology, including AI, while maintaining PEP and future-proofing the business."
The firm said growth was driven primarily by Spain, Germany and the UK, and was broad-based across its four UK practice groups, all of which "delivered strong profitability". The projects, real estate and finance and advisory practices recorded the highest income growth at 9% each, while disputes and risk remained the most profitable practice group (71% gross and 36% net margins).
The firm said there was notable growth in key sectors for it, including in life sciences and healthcare (+23%), financial services (+14%) and the built environment (+15%), alongside 5% growth in energy and energy transition.
Osborne Clarke's international network saw strong demand, the firm said, particularly in Europe, where clients sought advice on energy transition, digital transformation, regulatory change and cross‑border transactions.
The firm plans to "consolidate" its presence across Europe to better advise clients with pan‑European operations and, to support its market focus across the international business, appointed partner James Watson, previously in the energy projects team, as international head of markets. The role has brought together responsibilities for sector leadership, client relationship management and business development.
The firm said it was also ramping up investment in technology, AI and legal service delivery, backed by an innovation fund for projects across the business. Partner Dan Wright, previously director of the firm’s in‑house technology and solutions arm, was promoted to UK chief innovation officer in a move the firm said reflected tech's central role in its strategy.
Key hires over the year included partner Miguel Perez Guerra in London from drinks giant AB InBev, where he was director and head of antitrust, IP and commercial law, and Orrick IT and telecoms of counsel Andrea Mezzetti, who joined as a partner in Rome alongside an associate.
The firm also boosted its UK partnership with a six-strong promotions round in April across corporate, disputes and finance, while in January transactions specialist Lara Burch took over from Peter Clough as senior partner of Osborne Clarke's UK LLP.
Osborne Clarke expects total staff costs to increase in FY27, including an annualised pay review pot across fee earners and business services staff. Business services headcount is expected to grow in the current financial year, reflecting investment in areas including HR, BD and marketing, IT and finance to support growth, AI initiatives and its 2030 strategy.
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