Bird & Bird posts 12% revenue jump in first half
Bird & Bird has posted a 12 per cent increase in revenue in the first half of the 2012-13 financial year compared to the same period last year.
The firm declined to reveal its exact figures, but it is thought that the 12 per cent increase, which is calculated in euros, shrinks to around 2 per cent growth on a pound sterling basis when currency fluctuations are taken into account.
The financial result follows the firm’s July announcement of 10 per cent revenue growth for the last financial year, when the firm took in £235m.
CEO David Kerr told Legal Week: "It's been a difficult market but we've seen a good performance so far. We've been surprised that we've been seeing growth across the contentious and transactional practices, as well as across the Asian, European and UK markets - it has been surprisingly widespread.
"We've seen the strongest growth in our Asia practice, where headcount has grown 25% in the last six months. We've seen a good half and we hope it carries on."