The last 12 months saw Taylor Wessing outline its international strategy and pencil in Italy specifically for further growth. This year The Lawyer for the first time publishes a combined turnover for the firm's UK, German and French practices, reflecting the ground the firm has made towards full financial integration. Consequently, Taylor Wessing rockets 13 places up the top 100 table. Combined turnover was £127.3m, while average PEP stood at £345,800. In the UK, however, PEP was considerably higher at £400,300.

The firm reviewed its equity during the year, resulting in 12 fewer full equity partners over the next two years in the UK. The effect on PEP should be obvious next year. Managing partner Michael Frawley's tenure has also seen a considerable tightening of financial management, including the introduction of a 26-point note to partners on billing procedures and the reduction of bad debt exposure to £116,000.

Taylor Wessing continues to be perceived as a technology and IP-focused firm, but strategically focuses on three core areas: corporate and commercial, IP and real estate. Client wins during the year included Anglian Water Group and the firm's appointment to the GE Commercial Finance and Legal & General panels. Internationally, Taylor Wessing also won work from Villeroy & Bosch, Johnson Matthey, Avery Weigh-Tronix and Finisar Corporation.