Osborne Clarke has announced it will pay its UK staff a bonus of at least £2,500 after smashing global revenues in 2021/22.

The firm reported revenues of £349 million for 2021/22, up 19 per cent from £292 million the previous year –  with a 20 per cent increase in UK income to £199.1m.

Osborne Clarke said income from its business transactions is up by 27 per cent, while projects, real estate and finance grew by 25 per cent.

Net profit in the UK was also up by 14 per cent to £77.2m with profit per equity partner increasing by 11 per cent to £796,000.

Osborne Clarke announced it will give staff a 5 per cent profit share based on annual salaries with a minimum payment of £2,500, which will be paid in June, as well as increasing performance bonus payments with up to 25 per cent of base salary available

UK managing partner Ray Berg said: “We have a really well-balanced business that’s delivering great results, which is thanks to our people who have shown outstanding commitment to our clients and each other during the last two years.’

“We’re investing to grow our business so we can support the next generation of our firm. We want Osborne Clarke to be known for attracting and retaining top talent because we provide opportunities for all our people to grow and develop their careers, doing high-profile work in a supportive and inclusive workplace.”

Omar Al-Nuaimi, Osborne Clarke’s international chief executive, added: “While market conditions have been favourable, our business strategy is driving stronger client relationships and delivering strong results.”