International law firm Taylor Wessing has announced its 2017/18 headline financial results, achieving a 12 percent increase in UK revenue to a record £144.6 million (£128.9 million in 2016/17) and 16 percent increase in UK profit to £56.8 million (£49.1 million in 2016/17).
This resulted in UK profit per equity partner increasing by 20 percent to £579,000 (£481,000 in 2016/17).
The firm's global revenue also grew by 12 percent to £301.5 million (£269.8 million in 2016/17).
Taylor Wessing's 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.
"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."
|RATE THIS ARTICLE|
THIS WEEK'S TOP STORIES
PAM (Private Asset Managers) and its sister website PAMonline combine to provide "...the best guide available to the leading firms in private client fund management" (FINANCIAL TIMES). PAM compares managers on a level playing field by key data such as fees and charges, minimum investment thresholds and so on.