Clyde & Co reports 17% increase in revenue
Clyde & Co has recorded a 17% increase in turnover and a 5% rise in profits per equity partner in its first full year of trading after its merger with Barlow Lyde & Gilbert.
The firm saw turnover increase from £287m in the 2011-12 financial year to £337m in the financial year ending 2013, while PEP rose from £550,000 to £580,000 in the same period.
Clydes CEO Peter Hasson said: "We are pleased to announce global fee income growth of 17% which reflects the success of our focus on our core sectors and continued investment in our global network. We aim to mirror our clients at every stage of their business across the whole spread of their operations and this strategic approach has proved robust.
"We have continued to see a rise in disputes work, particularly across the professional practices, insurance, trade and transport sectors. And despite ongoing global economic challenges, revenue growth across our network has been steady with solid performances in the US, Middle East and Asia.
"In 2012-13, we continued to invest heavily in our global network with office openings in Australia, Libya, Beijing and, at the very start of the 2013-14 financial year, Spain."