The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Taylor Wessing has continued its international expansion with the launch of US offices in Palo Alto and New York.
The firm will relocate four corporate technology partners from the firm’s European offices this September in a bid to better connect its base of US clients to its offices overseas.
London-based corporate technology partner Mark Barron will move to Palo Alto with Kai Westerwelle, a technology and data protection partner from Frankfurt. Singapore-based corporate technology lawyer Dennis Tan will also move to the Palo Alto office.
Corporate technology partner Mike Turner will head the New York office supported by a team of lawyers from the firm’s international network.
The firm has targeted early stage and large corporations across the region in the technology, media and life sciences industries. Until now the firm has focused its international growth outside the US, most recently moving into South Korea through an association with local firm DR & AJU (19 May 2014).
The association gave Taylor Wessing access to over 100 lawyers in Korea. DR & AJU is a full-service firm established in 1994 with 120 lawyers including 18 partners.
DR & AJU was the second formal ally of Taylor Wessing in Asia after it entered into an association with 10-partner Indonesian firm Hanafiah Ponggawa & Partners (HPRP) in October last year (8 October 2013).
Both firms are members of Taylor Wessing’s Asia regional network, which was launched last July as part of the UK firm’s strategy to grow its practice throughout the ASEAN region and beyond (29 July 2013).
Under managing partner Tim Eyles, Taylor Wessing has undergone a sustained pattern of global growth. As well as the ongoing development of its Asia network, the firm expanded into Cental and Eastern Europe (CEE) two years ago through a merger with Austrian-headquartered ENWC in 2012. The ENWC alliance handed it a presence in Austra, the Czech Republic, Hungary, Poland, Slovakia and Ukraine (4 May 2012).
Earlier this month Taylor Wessing posted a 6.4 per cent rise in total turnover along with a 21 per cent increase in average profit per equity partner (PEP) for the 2013/14 financial year (2 June 2014).
Total firm-wide turnover reached £241.2m last year while its UK-only PEP hit £657,000, compared to £228m and £544,000 the year before (29 May 2013). The firm’s UK turnover saw a 7.4 per cent increase to £112m.