Taylor Wessing reports new financial performance details for 2016/17
Taylor Wessing has released further details about its 2016/17 financials. Although the firm reported a 1.8% increase in UK revenue, the firm’s profit per equity partner (PEP) fell 6% from £512,000 to £481,000 in the UK. Global revenues rose 6% to £269.8m, while global PEP came in at £405,000.
Global net income was £99.8m, with UK profit accounting for £49.2m. UK managing partner Tim Eyles said the financial year began amid economic and political uncertainty, when clients in certain sectors reacted with increased caution. The second half of the year saw increased activity, helping to boost the firm’s financial results.
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