Wessing turnover up 10 per cent

The German half of Taylor Wessing has posted a 10 per cent increase in turnover for the 2002 calendar year, to £44m

The legacy Wessing equity partnership saw profits remain the same as 2001 at £250,000 per equity partner.

Wessing formally merged with City firm Taylor Joynson Garrett (TJG) in September last year, but the German half of the firm is continuing to work to its country's traditional December financial year end.

Like on like comparisons with the TJG side of the practice are impossible, as the City half of the merged firm releases its financial results at the end of April. But there is a disparity between the profits per equity partner. Last year, TJG recorded profits per equity partner of £415,000, 13 per cent down on the previous year, with turnover at £64.2m.