Taylor Wessing revenue 15 per cent down at half year

The firm generated total fee income of £77m in the first six months of the year compared with £90.3m for the same period in 2008-09.

Managing partner Tim Eyles said he remained confident that the firm would hold up well in the second half of the year.

“We think the current markets, although competitive, offer excellent opportunities for a firm with our international reach and diversity of practice,” he commented. 

Over the past six months, the firm had won several significant client, Eyles added, notably in the areas of finance and technology.

“We’re also increasing our focus on industry sectors we see as having the greatest potential,” he continued. “To strengthen our offering in key areas we’re also pursuing an active lateral hiring programme.”