Nabarro reports 2 per cent increase in half-hear revenue
Nabarro posted its financial results for the first half of 2016/17, reporting a revenue increase of 2 per cent for the half-year. The firm’s half-year revenue stands at £57.5m, with a net profit of £42.7m and profit per equity partner (PEP) of £586,000.
Nabarro is set to merge with Olswang and CMS Cameron McKenna in May 2017. Of the three firms, Nabarro leads the pack in profit margin, which stands at 32.7 per cent. CMS currently has a 31.4 per cent margin, and recently implemented measures to boost its profitability.
Nabarro credits its half-year growth to work in its disputes, real estate and business advisory sectors.