Partner profit at international firm Nabarro has soared by over 10% for the third consecutive year, on income rising more quickly than at any time since the 2008 crash.
Annual turnover grew by 8% to £126m in 2014/15, with preliminary figures suggesting profit per equity partner will come in at £576k, a 21% rise on the previous 12 months.
Graham Stedman, senior partner, commented: ’Our [London HQ] move to 125 London Wall and the opening of offices in Manchester and Dubai, combined with a resurgent real estate market and a strong performance from our Business Advisory and Disputes practice divisions, have all contributed to our success.
’Teams right across the firm have worked hard and we have recognised their efforts by rewarding associates with over £1m in bonuses this year.’
Under a new three-year strategy the firm is seeking to grow the work it wins from international clients to a third of revenue by 2018, and to refocus to bear on four key sectors: Healthcare & Life Sciences, Infrastructure, Real Estate and Technology. The firm is also working with external consultants to identify opportunities to improve business processes and deployment of IT for clients.
Nabarro has offices in London, Brussels, Dubai, Manchester, Sheffield and Singapore.