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).
Eyles said: “19 per cent [profit growth] is a testament to the growing strength that we have across all our areas.”
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