Taylor Wessing has posted an eight per cent increase in global revenue, citing Dubai and China as large sources of growth.
Revenue rose to £191.3m for the financial year 2010-11, up from £177.9m last year.
Average profit per equity partner (PEP) rose from £453,000 to £537,000, an increase of 18.5 per cent.
Managing partner Tim Eyles said the firm had seen a strong contribution from the patents practice and a healthy recovery in finance, private equity and real estate. The Middle East and Asian offices played a major role in the firm’s growth, he added.
The firm hired aggressively throughout 2010, gaining two disputes partners and a financial services partner from Barlow Lyde & Gilbert last autumn (26 October 2010).
Early this month it announced the hire of IP partner Chris Thornham from SJ Berwin and commercial and dispute resolution partner Tracey Sheehan from Squire Sanders Hammonds (17 May 2011).
Eyles said: “19 per cent [profit growth] is a testament to the growing strength that we have across all our areas.”