Watson Farley & Williams and Taylor Wessing have both revealed significant revenue hikes for the 2013/14 financial year. 

Watson Farley's firmwide revenue grew by 14% to £117m for the year, while Taylor Wessing's UK revenue grew to £112m, a 7% improvement on the previous year.

Watson Farley further said it expected its profit per equity partner (PEP) to have grown by a quarter year-on-year when full results are calculated and released in around a month's time.

Managing partner Lothar Wegener, said: "This year