18 June 2018
In 2017/18 Taylor Wessing achieved 12% revenue growth both in the UK and globally with profits per partner up 20%. Global revenue now tops £300m.
International law firm Taylor Wessing has announced its 2017/18 headline financial results, achieving a 12% increase in UK revenue to a record £144.6m (£128.9m 2016/17) and 16% increase in UK profit to £56.8m (£49.1m 2016/17).
This resulted in UK profit per equity partner increasing by 20% to £579k (£481k 2016/17).
The firm's global revenue also grew by 12% to £301.5m (£269.8m 2016/17).
UK Managing Partner, Tim Eyles, commented:
"This has quite simply been Taylor Wessing's best year yet. We achieved superb growth across our key sectors, especially in Technology Media and Communications, Life Sciences, and Private wealth. We also had particular success in helping clients navigate regulatory and compliance challenges, most notably around GDPR."
"This is a testament to the focus of our international strategy and how we work creatively with our clients to help navigate the challenges of the globalised business environment."
"Indeed that strong spirit of creativity, allied to our focus on exciting growth sectors, means we have a strong pipeline going into this new financial year. So, whilst conscious of ongoing market and economic developments, we look forward to the next 12 months with optimism."
"I would like to thank all our people for their huge contribution to our success. I am very pleased that as a result of this outcome, most of our staff will receive a bonus as recognition of all their superb work."
by Paul Lawrence and Shane Gleghorn
by Wendy Tomlinson and Shane Gleghorn