Half year results see Clyde & Co report well balanced global growth
Clyde & Co has announced first half fee income for FY15/16 was £192 million, up 8 per cent from £178m in FY14/15. On a currency constant basis the firm said the increase would be closer to ten per cent. The figure does not include revenues from Simpson & Marwick, which merged with Clyde & Co on 1 October 2015.
All regions of the firm have grown including the UK, APAC, MENA and North America.
Clyde & Co senior partner James Burns said: “We are pleased with how the business performed in the first half. Having a focus on core global sectors and a broad global platform, across both developed and emerging markets, means that our business is well-balanced.”
Clyde & Co chief executive officer Peter Hasson added: “We are seeing a steady performance in our most mature markets, such as the UK and MENA, complemented by faster growth in other parts of our international business. APAC and the US have performed especially strongly.”
“We have seen strong performance from our International Arbitration practice; from our transactional groups in MENA and APAC ; and in a number of our core sectors, including in Infrastructure and Oil & Gas.”
Clyde & Co has made 21 lateral hires year to date. These include six partners in South Africa; real estate partners Liam Buckley and Stelios Coutsavlis from Squire Patton Boggs in Manchester; international arbitration partner Richard Power from BLP; and Richard Devine, an energy sector focused corporate partner who joined from Baker Botts in Dubai.
On 1 October 2015 the firm also merged with Simpson & Marwick, which added 45 partners and six additional UK offices.