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Taylor Wessing has reported double-digit growth in its UK revenue with a 10 per cent rise for the first half of 2012/13.
The firm also posted a global revenue rise of 9 per cent between May and October 2013, compared to a 23.3 per cent boost the year before off the back of its central European and Singapore expansion (29 November 2012).
Managing partner Tim Eyles said the spike in 2012 was expected, given the firm’s international expansion at that time. In May last year it expanded into CEE via a merger with Austrian-headquartered ENWC, adding eight offices across Austria, the Czech Republic, Hungary, Poland, Slovakia and Ukraine (4 May 2012).
While Germany experienced the most significant growth last year, Eyles said all of the firm’s offices have seen similar levels of growth so far this year.
”We’re slightly ahead of budget,” he said. “To be close to double digits in this continually difficult market is a very good result.”
During 2012/13 Taylor Wessing made 15 lateral partner hires and 16 partner promotions – including only one made up in London – and opened in Bratislava, Brno, Budapest, Kiev, Klagenfurt, Prague, Singapore, Vienna and Warsaw.
The firm did not disclose exact figures for the latest half-year results.