New Oz offices lift turnover at Norton Rose
TURNOVER at City law firm Norton Rose increased by nine per cent last year, with the group’s new Australian addition providing a boost to its latest results.
Combined group turnover for the year to 30 April was $814m (£496m), an increase of $144m from the previous year’s figure of $670m.
Norton Rose merged with Australian firm Deacons in January 2010, so the latest results are the first to include Australia as part of the group for the full year.
Chief executive Peter Martyr emphasised the group’s global focus, and the contributions that its latest tie-ups were making to revenues.
“This is the first full year with Australia as part of the group and we are already seeing the benefits,” said Martyr.
“We further expanded into Canada and South Africa on 1 June making us one of the top 10 largest international legal practices by number of lawyers … both are critical destinations along the trade routes of global business and are of significant interest to China.”
Norton Rose has not yet released its profits per equity partner, or a geographical breakdown of how each jurisdiction contributed to the combined numbers.