Taylor Wessing sees growth across all sectors

Taylor Wessing has posted a UK turnover increase of 14.3 per cent for 2006-07, with the firm registering double-digit growth across all three of its core jurisdictions.

UK revenue hit £87.6m, while the firm’s German and French operations both posted 20 per cent revenue increases.

Taylor Wessing UK managing partner Michael Frawley said the firm’s finance group had performed particularly well, with real estate finance the standout area.

Frawley added that the firm had not yet finalised its profit, but early indications suggest that it would be hit by an increase in costs during the year, primarily associate salary hikes “in line with most firms'”.

Figures for corporate were not as strong as anticipated, Frawley said, because a number of deals had not closed before the year-end.

“We’re carrying around £4m more work in progress at this point in the year than last year,” added Frawley.