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Clyde & Co announces 2010/11 financials

  • Press Releases 23 mai 2011 23 mai 2011

Clyde & Co has achieved global fee income growth of 11% to £212m for the 2010/11 financial year, building on last year's reported growth of 4%.

Clyde & Co CEO Peter Hasson said: "We are pleased to announce global fee income growth of 11%. All of our offices performed strongly in our core sectors of insurance, aviation, marine, energy, construction & infrastructure, and trade & finance.

In the UK, we achieved growth of 11%, reflecting an increase in both litigation as well as transactional work across our core sectors.

This year, 41% of the firm's revenue is from outside the UK. Our US offices performed extremely well, posting a 37% increase in fee income. Our New Jersey office had an excellent first full-year contribution.

Our Middle East, Asia and Latin American offices enjoyed a solid year, despite varying economic conditions.

Overall, our continued financial growth reflects the success of our strategy to provide the best and most complete global offering in our core sectors.

We have made significant investments in the future of the firm over the last year with 16 partner promotions in May 2011, the recruitment of 23 partners over the year and a series of major systems and office space investments, the latter spanning New York, New Jersey, London, Dubai, Singapore and Hong Kong."

 

  2010/2011 2009/2010 Growth %
Revenue £m 212 192 11%
Partners (at year end) 184 171 7%
Fee earners (at year end) 797 726 10%

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