Nabarro sees H1 turnover grow 3% as firm fights back from tough 2009-10
Nabarro has become the latest firm to announce its half-year results, posting a 3% rise in turnover for the six-month period. The slight increase brings the firm's H1 revenues to £53.5m, following last year's announcement of a 18% decrease at the same point. The dip was as the time one of the largest recorded among firms to have revealed their half-year results for 2009-10.
November 09, 2010 at 11:03 AM
2 minute read
Nabarro has become the latest firm to announce its half-year results, posting a 3% rise in turnover for the six-month period.
The slight increase brings the firm's H1 revenues to £53.5m, following last year's announcement of a 18% decrease at the same point. The dip was as the time one of the largest recorded among firms to have revealed their half-year results for 2009-10.
Senior partner Simon Johnston (pictured) commented: "We are pleased to have seen a slight uplift in our half-year results. Although activity levels have improved in some areas, with more talk of deals and deals going though to close, it is still patchy and difficult to predict what the outcome for the full year will be."
He added: "It is, however, certainly more positive than this time last year."
Earlier this year Nabarro posted a double-digit drop in both turnover and profits for 2009-10 as a whole, with profits per equity partner down 15% to £320k and turnover falling 10% to £113.8m.
However, the firm recently announced the launch of a new office in Singapore, marking its second base outside of the UK.
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