Law firm Osborne Clarke has secured a 拢10m funding package to further its international growth.
The international firm, which has its headquarters in Finzels Reach, Bristol, wants to continue to expand across Europe and Asia, plus further grow its US business development team that supports US sector clients to establish, grow and manage their overseas operations.
The 10-year-old firm secured the funding from HSBC 海角视频. Osborne Clarke will also use the 拢10m package to invest in its Cloud-first IT strategy with market-leading software and systems to help its clients across the world.
Read more:Law firm Osborne Clarke announces revenues of 拢380m for the last financial year
Osborne Clarke鈥檚 international chief executive, Omar Al-Nuaimi, said: 鈥淲hile we are an international firm, we鈥檙e incredibly proud of our Bristol roots. Since setting our expansion strategy in 2011, we've grown from six to 25 international offices, most recently launching in Poland. We have our sights set on further growth and are on track to reach 鈧500m turnover by 2025.
"Our longstanding relationship with HSBC 海角视频 and this recent funding has supported this mission, aiding growth and improved collaboration between our international teams and the services we offer our global clients."
David Skyrme, head of professional services in South West Region at HSBC 海角视频, commented: 鈥淥sborne Clarke is a standout success story for Bristol. Through HSBC 海角视频鈥檚 ten-year long relationship with the firm, we鈥檝e seen it go from strength-to-strength, championing its social and environmental governance values through its services, while also achieving huge growth across the globe.
鈥淲e鈥檙e proud to support such forward-thinking firm as it continues its growth journey, invests in technology and makes a valuable difference to the businesses it serves.鈥
In June 2023 the firm released its financial results for the latest financial year where it recorded a 19% increase in global revenues in the last financial year. The company, which employs around 1,600 staff in 26 offices worldwide, recorded revenues of 鈧407m (拢349.8m) for 2021/22 - representing a 66% increase over five years.
Osborne Clarke added that it increased its investment in recruitment across key international sectors and services over the past 12 months announcing multiple partner-level hires.
Like this story? Why not sign up to get the latest South West business news straight to your inbox.
