Norton Rose Fulbright expansion brings 22% profit rise
12th February 2014
International firm Norton Rose Fulbright has seen a 22% jump in profits following moves towards a company expansion. The most significant merger for the firm of late was that between Norton Rose and Fulbright & Jaworski, which led to the formation of Norton Rose Fulbright in June 2013; during this time, the firm saw a rise in profits to £105 million.
The figures come from Companies House filings which announced a turnover that was up 3.6% to £367.8 million for the firm at that time, with the merger set to create a practice boasting a total of 3,800 lawyer positions and a turnover of £1.3 billion. While the firm has said that it is no longer seeking further mergers and acquisitions, it will be focusing on strengthening its organic growth and integration.
The firm’s chief operating officer Kevin Mortell put the 2013 growth in profits down to their expansion into new markets, saying in this article, “We are different from most firms we are able to offer global service to clients”.