Taylor Wessing half-year: turnover down 1 per cent

Taylor Wessing‘s half-year UK revenues have decreased by 1 per cent on the same period last year to £42.6m.

However, growth overseas has taken total turnover for the half-year at the firm up by 9 per cent to £84.7m, with fees billed in foreign offices now having almost overtaken the UK.

A spokesperson for the firm said: “This increase is due largely to strong performances in Germany and Dubai, as well as tight financial management.”

Regarding the UK turnover, the firm said that the results were good for a firm with a strong real estate and finance focus.

The UK office has recently made six staff, including four lawyers, redundant in its real estate department (TheLawyer.com, 30 October).

Global growth figures could be hit as a team of 24 lawyers with 12 partners had recently left Taylor Wessing’s Paris office to join Nixon Peabody (TheLawyer.com, 3 November).