Revenues grow at Norton Rose as global acquisitions add up
GLOBAL law firm Norton Rose released its first set of financial results since its recent international mergers yesterday, reporting strong growth in its revenues compared to 2010.
In the year to 30 April preliminary turnover at the combined group hit $1.32bn (£835m), up from $814m last year compared to figures for Norton Rose LLP and Norton Rose Australia.
Including currency differences that equates to growth of nine per cent on a like-for-like basis.
The group’s revenues now include its recent acquisitions in South Africa, where it merged with local firm Deneys Reitz, and in Canada where it was joined by Toronto-based Ogilvy Renault and Calgary firm Macleod Dixon.
“The benefits of the group are obvious,” said Norton Rose chief executive, Peter Martyr.
“We are seeing strong growth across the business internationally.”
Norton Rose is the first major UK law firm to report full-year revenues for the latest financial year, with figures for 2011 expected from the Magic Circle firms and rest of the sector over the next few weeks.