Norton Rose set itself apart from most of its top 10 City rivals over the last financial year after launching a bold initiative to avoid redundancies and hiking turnover by more than 5%.
The firm posted a 5.7% increase in revenue to £314m against a 17.3% drop in profits per equity partner (PEP) to £517,000. The climb in turnover means the firm beat the average by revenue growth across the top 10 City firms, which was enough to take Norton Rose into the overall UK top 10 – knocking Ashurst into 11th place.
