Taylor Wessing has posted a double-digit revenue rise for 2017-18 to pass the £300m mark, after what managing partner Tim Eyles described as the firm's "best year yet".

Global revenue increased 12% from £269.8m to £301.5m, while in the UK, turnover also rose 12% to reach a record figure of £144.6m.

The increase in revenue comes alongside a 20% rise in UK profit per equity partner, up to £579,000 from £481,000. UK profit grew by 16% from £49.1m to £56.8m.

Eyles (pictured) said the financial year had "quite simply been Taylor Wessing's best year yet", attributing the growth to expansion in the firm's technology, media and communications, life sciences and private wealth sectors, as well as advising clients on the implementation General Data Protection Regulation.

He added: "This is a testament to the focus of our international strategy and how we work creatively with our clients to help navigate the challenges of the globalised business environment.

"Indeed, that strong spirit of creativity, allied to our focus on exciting growth sectors, means we have a strong pipeline going into this new financial year. So, whilst conscious of ongoing market and economic developments, we look forward to the next 12 months with optimism."

During the year, the firm advised on deals including the £140m acquisition of price comparison website Money.co.uk by ZPG, the owner of property search engine Zoopla, while the firm also acted for HgCapital's management on its investment of more than £30m in The Access Group, which valued the Colchester-based software developer at about £1bn.

Meanwhile, panel wins included securing a place on Santander's UK adviser roster.

In December, the firm announced that Eyles would step down as managing partner on 1 October 2018, after nine years leading the firm. The firm's head of disputes and investigations Shane Gleghorn was elected last month to succeed him in the role.

During his leadership tenure, he led the firm's transition to a full equity partnership in 2015, a move that almost doubled the number of partners with an equity stake in the firm, while also pushing forward with international expansion in markets such as Hong Kong and Saudi Arabia.