Nabarro sticks at 2012 level at half year point
Nabarro has posted broadly static revenue at the halfway point of the 2013-14 financial year, with figures rising marginally by 0.4%. The firm brought in £52.5m in total revenue for the six-month period leading to October, marking a very slight increase from the equivalent point last year when Nabarro logged £52.3m in revenue.
December 04, 2013 at 11:18 AM
2 minute read
Nabarro has posted broadly static revenue at the halfway point of the 2013-14 financial year, with figures rising marginally by 0.4%.
The firm brought in £52.5m in total revenue for the six-month period leading to October, marking a slight increase from the equivalent point last year when Nabarro logged £52.3m in revenue.
The results come after Nabarro took in £116.3m for the full 2012-13 financial year, up 2.6% from £113.4m.
The firm has said it "continues to maintain a strong cash balance" and that there is no overdraft.
Senior partner Graham Stedman (pictured) said: ""We have had a solid first half of the financial year and traditionally have a stronger second half.
"Over the last couple of months we've seen increased activity across the firm including in corporate and real estate, and our investment in Dubai opens up an exciting new chapter. Investment and profitability will be watch words for the next six months."
Last month the Government of Dubai's legal affairs arm greenlit the firm's application to open in the jurisdiction. The office, slated to launch early next year, will be the firm's third base outside the UK alongside outposts in Singapore and Brussels.
This year's half-year figures factor in the Singapore team's move into a larger office space located at the Marina Bay Financial Centre Tower in October.
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