Osborne Clarke hands out 5% bonuses after record revenues and PEP

Osborne Clarke has posted record international revenue of €547.5 million for the 2024/25 financial year, up 4% on the previous year.

UK revenue rose by 7% to £256.6 million, crossing the £250 million threshold for the first time. The firm’s UK profits were strong enough to push PEP above £800,000 - another first - and enabled the firm to once again award UK staff with a 5% bonus.

The bonus was paid in June, with a £2,000 minimum payment and was pro-rated for new starters.

The results cap off a year of steady growth across the firm’s key sector groups, with strong contributions from its TMT, financial services, and retail and consumer teams. The firm says its IP group, particularly patent litigation, has been growing rapidly on the back of life sciences and tech mandates. Private equity, M&A, and funds also remained resilient, despite a tougher transactional market.

The firm made 10 partner promotions and 6 lateral partner hires in the UK during the year. Over the past five years, UK revenue has grown by an impressive 166%.

What they said

International CEO Omar Al-Nuaimi said growing revenue to €547.5 million was "a great achievement and a testament to the hard work of our teams around the world."

He added: "This year we're investing heavily in creating a seamless client experience by implementing a new international practice management and finance system. This sets us up brilliantly to support planned significant growth over the coming five-year strategic period.”

UK managing partner Conrad Davies said: "Our investments in strengthening our team and futureproofing our business are really starting to pay off. That means better outcomes for our clients and our people, and I'm particularly pleased that we've been able to reward our entire UK team with a 5% profit share."