Fee income at Taylor Wessing grew to £101.7m for the 2012-13 financial year, according to the firm's latest limited liability partnership (LLP) accounts.

The accounts, filed with Companies House, show that fee income rose 4.4% against the previous year's equivalent, when the firm brought in £97.4m.

Last May, the firm disclosed unaudited revenue of £104.5m for its UK arm, marking a 3.6% increase. It posted a profit per equity partner figure of £544,000, down by 10% on the previous year.

The LLP accounts show that net profit during the year fell 2.6% to £29.4m, while operating profit dipped to £38.2m from £38.9m.

Staff costs may have contributed to some of the decline in profit after rising by 9.6% to £41.2m. The cost of salaries at the firm accounted for the bulk of this increase, growing by more than 10% from £29m to £32m.

The highest paid partner at the firm took home £809,530, down 6% on the previous year when they earned an equivalent of £860,550.

The average number of fee-earners during the year increased from 251 to 260, while the number of non-fee earning professionals and support staff grew from 279 to 291, resulting in a 4% rise in staff count. The average number of members was up from 100 to 103.

The accounts also show that Taylor Wessing's document review business New Street Solutions owed the parent firm £180,000 at the 2012-13 year end.

During the year the firm made 15 lateral partner hires globally and 16 internal partner promotions, resulting in a 15% rise in the size of the partnership to 365.

It also gained new offices in Bratislava, Brno in the Czech Republic, Budapest, Kiev, Klagenfurt, Prague, Singapore, Vienna and Warsaw thanks to a merger with Austrian law firm ENWC in May last year and a formal tie-up with Singapore's RHT Law in March.