Taylor Wessing posts double digit growth in UK half-year revenue
Taylor Wessing has seen double digit growth for the first six months of the 2013-14 financial year, posting an increase of 10% in UK revenue. The firm, which declined to disclose exact figures, posted 9% growth in international, including UK, revenue. Last year the firm recorded a global revenue rise of 23.3% and UK revenue growth of 6.6% in the first half of 2012-13. The firm recorded UK revenue of £104.5m at the end of the 2012-13 full financial year, rising by just under 4% from £101m.
December 03, 2013 at 11:24 AM
2 minute read
Taylor Wessing has seen double digit growth for the first six months of the 2013-14 financial year, posting an increase of 10% in UK revenue.
The firm, which declined to disclose exact figures, posted 9% growth in international, including UK, revenue.
Last year the firm recorded a global revenue rise of 23.3% and UK revenue growth of 6.6% in the first half of 2012-13. The firm recorded UK revenue of £104.5m at the end of the 2012-13 full financial year, rising by just under 4% from £101m.
Managing partner Tim Eyles said geographically, all of the firm's offices saw similar rates of comparative growth. By practice, litigation in particular was an "outperformer".
Eyles (pictured) said: "There has been a pickup in transactional activity and there is more willingness from the banks to lend, and we have found that the intellectual property market remains strong.
"We have made a lot of investment in geographical coverage in recent years, and we will continue to ensure that integration is going smoothly. We will also continue to invest in key practice areas including litigation, investigations and disputes."
The firm's tie-up with Indonesia's Hanafiah Ponggawa & Partners, news of which emerged in October, is not accounted for in the half-year figures.
Last month it emerged that the firm is considering how to dramatically increase its Middle East presence, with the firm eyeing launches in Saudi Arabia, Kuwait and Qatar.
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