Clyde & Co breaks £200m

TOP 20 UK law firm Clyde & Co yesterday reported a revenue rise of just over 10 per cent for 2010-2011, taking it through the £200m turnover barrier for the first time.

Revenues at the firm hit £212m for the past year, up from £192 last year.

Around 59 per cent of the revenues were generated from the firm’s UK operations, but its US offices turned in a particularly strong performance, with revenue growth of 39 per cent.

Clyde & Co chief executive Peter Hasson said: “Our Middle East, Asia and Latin American offices enjoyed a solid year, despite varying economic conditions.”

The firm will release its profits per equity partner once figures have been confirmed, after increasing partner headcount by seven per cent in the past year.