SJ Berwin sees revenues stay static at £84m at H1 point
SJ Berwin has become the latest firm to post its half-year results, with the City firm seeing fee income remain static over the first six months of the 2011-12 financial year. Revenue for the period stood at £84m - the same as last year, when turnover climbed 9% on the previous year's figure.
November 23, 2011 at 10:15 AM
2 minute read
SJ Berwin has become the latest firm to post its half-year results, with the City firm seeing fee income remain static over the first six months of the 2011-12 financial year.
Revenue for the period stood at £84m – the same as last year, when turnover climbed 9% on the previous year's figure.
Managing partner Rob Day said the firm's international practice performed well, with offices in Belgium, France, Germany, Spain and Dubai all seeing revenues increase. He also highlighted the firm's contentious practices – including litigation and EU and competition – as strong performers.
Day said: "We are pleased to have achieved another solid performance to the half year stage. At present the economy remains unstable but we continue to focus on our clients and our strategy to strengthen our core areas and grow countercyclical businesses."
SJ Berwin's results comes after the majority of leading UK firms announcing H1 results to date have seen revenues increase.
Allen & Overy, Taylor Wessing, Olswang, Ashurst and pre-merger Clyde & Co are among the firms posting double-digit increases, while Norton Rose and Pinsent Masons saw fee income climb by 7% and 6% respectively.
Nabarro is the only top 50 firm to date to post a drop in revenues at the half-year point, with the firm seeing turnover dip by 4%.
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