Taylor Vinters

Turnover (£m): 15.8
RPL (£k): 161

Significant investment in new offices, lateral hires and an internal reorganisation all paid off for Cambridge-headquartered Taylor Vinters last year. The firm saw its revenue rise by 6 per cent to £15.8m. After dipping in 2009-10 net profit was back up to £2.7m, representing a margin of 17 per cent, while the firm’s average profit per equity partner stood at £216,000.

All but two of Taylor Vinters’ 13 equity ­partners were at parity, although four additions to the equity partnership at the start of the ­current financial year will increase the spread of profit.

Currently the firm operates a straightforward five-year lockstep for equity partners, with 17 salaried partners, although it is introducing a small performance-based element next year.

Taylor Vinters’ expansion out of Cambridge saw it launch in London in 2009-10 and in Singapore via an alliance last year. The firm now has a foreign lawyers’ licence for ­Singapore and is actively hiring there, with an aim of building a practice based on technology and private client work.