Norton Rose Fulbright’s Europe, Middle East and Asia arm today hailed a fifth consecutive year of growth in income and profits.

The City firm posted profit before members’ remuneration and profit shares of £109.9m for the eight months to 31 December 2023 on turnover of £401.2m, accounts filed at Companies House show. On an annualised basis turnover was up 8% and profit by 2%, 'notwithstanding global inflationary pressures and macroeconomic conditions as seen across the industry'.  

Rod Harrington, COO, Europe, Middle East and Asia, commented: 'This latest set of statutory accounts highlight our fifth consecutive year of top- and bottom-line growth. For our firm’s standard partnership reporting period, our profit per equity partner grew by 12%. We are pleased with our continued robust performance which reflects the success of strategic investments we’ve made in our business, seamless client service delivery and our diversified offering.'

Norton Rose Fulbright in Europe, Middle East and Asia (EMEA) comprises 23 offices across 16 countries. The LLP changed its accounting period to the calendar year to align with global reporting practice and the partnership year-end. 

Earlier this year Norton Rose increased its London NQ salary to £120,000. NQ lawyers who achieve certain performance targets can also receive a bonus of up to 40%, equating to a maximum reward of £168,000.