Taylor Wessing LLP accounts show all around decreases

February 12, 2018 The latest LLP accounts indicate that Taylor Wessing’s highest earning member experienced a dip in remuneration, profit, and management pay.

Even as the firm’s accounts for the year to 30 April 2017 showed a 2% increase in turnover, reaching £129.3m, there was a $3m decrease in profit available for division between LLP members, falling from $49.9m to $46.9m. In the same period, the highest-paid member’s awarded sum slipped by 11% to £1,039,000 as key management personnel pay sank to $5.8m from $6.1m.

Staff costs increased from $44.3m to £45.9m, aiding an overall 6% increase in costs to £81.6m during the period. Fee earners increased from 288 to 292, while the member count rose from 100 to 102. The firm’s cash position saw a significant dip to £12.3m, or 36%.

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