International firm Osborne Clarke has rewarded UK staff a 5% bonus on the back of strong financial results. The bonus was paid to all qualifying staff in June, with a £2,000 minimum payment and pro-rata adjustment for new starters.

The award follows a year in which the firm increased net profit in the UK by 14% to £84.8m. Profit per equity partner increased 11% to £771,000, while revenue was up by the same proportion to £240.5m.

Revenue increased across all UK service lines, including double-digit growth in advisory, disputes and risk, and projects, real estate and finance.

Four of the firm’s seven key UK sectors – life sciences and healthcare; retail and consumer; mobility and infrastructure; and energy and utilities – also achieved double digit growth.

Conrad Davies, UK managing partner, said the business was reaping the rewards of investment programmes set up last year. 'We set ourselves some challenging goals around productivity and efficiency – driving more focus into what we do and how we do it,' said Davies. ‘It’s all about asking our people to work smarter not harder.’

Internationally, revenue was up 19% to around £445m and the firm opened a third US office, in Miami, during the 2023/24 year.