Taylor Wessing’s UK turnover grew just over 4 per cent in 2015/16 to £126.6m, while global revenues increased to £254.5m, the firm has announced.
In the UK, turnover rose from £121.1m to £126.6m, with revenue growing at a slightly slower rate than 2014/15’s increase of 8 per cent.
Globally the firm saw a 6 per cent jump in revenue from £239.8m to £254.5m. At constant exchange rates, turnover rose only 1.4 per cent from an adjusted £251m in 2014/15.
Average profit per equity partner (PEP) in the UK nudged up slightly from £767,000 to £770,000, with the results the first to be issued under the new all-equity structure.
This year, Taylor Wessing has expanded internationally by entering Saudi Arabia through a new association and merging with its Vietnamese strategic alliance firm.
It has also hired several new partners including technology partners Angus Finnegan and Martin Cotterill from Reed Smith and Latham & Watkins respectively. On the operations side, King & Wood Mallesons’ chief operating officer (COO) for Europe and Middle East Rachel Reid joined as global COO.