Osborne Clarke dishes out bonuses after stellar year
updated on 21 June 2022
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Osborne Clarke LLP has achieved a 19% increase in global revenues with the firm planning to pay bonuses of at least £2,500 to UK staff.
The international firm posted a revenue of €407 million (£350 million) for 2021/22, which was up from €341 million (£293 million) in 2020/21 and a 66% increase over five years.
In the UK, Osborne Clarke’s income increased by 20% to £199 million from £166 million in 2020/21, with net profit increasing 14%. Profit per equity partner went up 11% to £796,000.
Osborne Clarke’s international CEO, Omar Al-Nuaimi, described it as “a fantastic year”, commenting, “I’m so proud of the hard work and dedication of our teams. While market conditions have been favourable, our business strategy is driving stronger client relationships and delivering strong results.”
The firm cites its US platform, new team in Poland and “international approach to ESG” as key factors for its growing success. Osborne Clarke’s UK sectors, including real estate, financial services, technology, media and communications and life sciences performed well with strong income growth.
Ray Berg, Osborne Clarke's UK managing partner, commented: "We have a really well-balanced business that's delivering great results, which is thanks to our people who have shown outstanding commitment to our clients and each other during the last two years.
"Our 3D strategy, built around the intersection of services, sectors and global transformational drivers, has helped us to build strong relationships with clients that value our insight through the evolving challenges they face. We continue to build a future for our business that delivers growth in a sustainable way."
