Clydes revenue hits £854m, with North America now a quarter of income

Clyde & Co has posted a 3% revenue rise to £854 million for the 2024/25 financial year - its 27th consecutive year of growth, but down from the 10% rise recorded last year. Profit edged up 1.8% to £177.5 million.

The firm added 59 partners through promotions and lateral hires in the period, including a five-partner boost to its energy team in the UK and Europe and the addition of Sam Tate from RPC as global head of its regulatory and investigations practice.

North America was the fastest-growing region and now accounts for a quarter of firmwide revenue. In January, Clydes expanded in the US, merging with Dallas-based insurance litigation specialist Tillman Batchelor. Two partners joined, along with six other team members.

The firm said the UK remains its largest market at 46%. The Middle East and Africa is 11%, Asia Pacific 9%, Europe 7% and Latin America 2%.  

What they said

CEO Matthew Kelsall said: “Our commitment to multiyear investment horizons has allowed us to continue to balance investment, profitability and sustained growth.

"We have continued to invest in talent, systems and technology which have enhanced our operational efficiency but crucially, have allowed us to continue to evolve our offering for clients, building global bench strength in our core sectors and across disputes, commercial and regulatory disciplines."

Senior partner Carolena Gordon added: "We remain focused on continuing to support our clients as they do business and navigate the volatile yet opportunity-rich environment they face."