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 incorporated its in-house due diligence division ahead of it seeking third party investment for the business.
The firm’s New Street Solutions (NSS) arm, which provides document management services to clients with savings of up to 60 per cent (2 May 2011), was incorporated as a separate limited liability company on 1 October 2012.
In the coming months Taylor Wessing will seek to secure third party investment to fund the expansion of NSS. At that point the firm will also look to divest itself of its majority stake in the company.
“We will in due course be looking to raise capital from a third party in the weeks and months to come,” said Taylor Wessing’s managing partner Tim Eyles, who added: “One of the reasons we want to separate majority ownership is that we want [NSS] to be attractive as a service for other law firms.”
Taylor Wessing’s financial institutions head Tim Stocks chairs NSS, while Philip Learmont is its chief executive. Taylor Wessing’s finance director Charlotte Beckette also does the same role for NSS.