Taylor Wessing has posted a double-digit increase in turnover, boosting global revenue by 11 per cent to hit a total of £180m.
Taylor Wessing’s UK branch grew at a similar rate, posting a similar turnover increase of 11 per cent to reach £97.5m. This figure marks and increase of £7m from last year’s haul of £90.5m. Globally Taylor Wessing added £18.9m on last year’s total of £161.1m.
The results show a strong financial performance from Taylor Wessing over the last 12 months. The firm won lead roles on deals such as the Bank of Montreal’s move to inject $12.7bn (£6.5bn) into structured investment vehicles, as well as a mandate acting for Brentford Football Club in the development of a new stadium.
This year saw the firm promote a bumper crop of partners this year, with 19 getting the nod compared to 11 last year. Germany emerged the winner with nine promotions in total. Six associates were promoted in London and four in Paris. The firm’s partnership swelled to 280 in total, with 104 based in the UK.
For more on the financial results at all the top UK firms as they come in, see our Top of the PEPs 2008 blog here