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 posted a 16 per cent growth in its top line to £77.7m for the first half of this year.
Managing partner Michael Frawley said that growth was propelled by the firm’s finance practice, which swelled by 55 per cent, followed by its IP practice, which grew 22 per cent.
“Traditionally, we have had stronger second half results as compared to our first half,” explained Frawley. “But due to the subprime crisis, we are not 100 per cent sure if this will be the case this year.”
Frawley said the firm’s management was generally happy with the results, but remained wary over future results.
“I expect the IP practice to continue to grow, but am not sure about the finance unit in the current market,” he said.
He added that the firm has strong counter cyclical practices in its insolvency and litigation departments, which could counter any downturn.