Clydes posts double-digit increase in net profit in 20th year of successive growth

Firm highlights US as driver of revenue growth as multiple lateral partner additions mean PEP edges up 2%

Clyde & Co has posted a double-digit increase in profitability against an 8.5% rise in revenue for 2017-18 – results that represent the insurance firm’s 20th successive year of revenue growth.

Net profit rose by 10%, up from £127.6m to £140.5m during the year, while firmwide revenue reached £551.3m, up from £508.1m in 2016-17. Last year marked the first time that the multinational firm posted revenues of more than £500m.

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