Reading: Osborne Clarke records increased revenues
International legal practice Osborne Clarke, which has an office in Forbury Place, Reading, recorded revenue of €318 million for 2019/20. This is an increase of 5% on 2018/19 and an increase of 63% over five years. In the UK, Osborne Clarke’s revenue increased by 3% to £155m, up from £150m in 2018/19.
Rob Wood, (below) head of Osborne Clarke's Reading office, commented: “It’s been a challenging year but thanks to the work of our brilliant people we’ve remained resilient. Our teams have pulled together to keep the firm running smoothly and to find new ways to support our clients, and these results emphasise once again that we have a hugely talented team here in Reading with a well-deserved reputation as a leading law firm in the Thames Valley."
Earlier in 2019, Osborne Clarke invested in state of the art connected technologies in its London and Reading offices to enable agile working for employees and clients. This will be further enhanced when it moves its Bristol office to Halo in 2022. This will be a landmark new office building and one of the UK’s greenest and most innovative workplaces.
Ray Berg, managing partner, Osborne Clarke, commented: "Covid-19 has taken some of the shine off our results but, like any crisis, it's how you manage it that can define you. I was incredibly proud at how agile we proved to be, with special mention to our IT and other support teams for their dedication and innovation.
"Our focus since then has been to protect our people and our business by staying as close as we can to our clients to help them navigate this difficult period. Our established expertise in digital transformation has been a great example of a value-added service.
"Q1 in the UK this financial year was not as bad as we had feared but nor as good as we had hoped. But we are optimistic. As we emerge from the pandemic, stronger and more innovative, we will be taking the lead on issues such as decarbonisation and urban dynamics, and helping our clients drive value and opportunity from these global issues."
