Financials update: Taylor Wessing increases global revenues by 7%; UK up 4%

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Taylor Wessing has posted modest turnover growth after an expansive 2012, announcing its global revenue for the financial year 2012/13 has increased by 7% from £212m in 2011/12 to £228m, while UK revenue grew by 4% to £104.5m.

Tim Eyles, who was re-elected as UK managing partner of the firm in May last year, said he was ‘pleased to have achieved continued revenue growth’ despite tough market conditions. Continue reading “Financials update: Taylor Wessing increases global revenues by 7%; UK up 4%”

Gold’s blend: Mishcons managing partner reflects on another year of trend-busting growth

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It’s become a familiar fixture in the annual reporting season to see Mishcon de Reya announce annual growth rates that are the envy of its peers and the London law firm hasn’t disappointed.

This week, Mishcons confirmed a turnover increase of 14% to £83.5m for 2012/13 – an increase of £10m on last year’s £73.1m. Profits per equity partner at the 300-lawyer firm are expected to top £700,000, making it one of the most profitable firms outside the City top 10. Mishcons has now grown revenues by nearly 200% since 2006/07, a performance vastly ahead of the LB100 average.

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Global London top 50

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The firms that appear in Global London are the 50 largest non-UK originated firms in London, ranked by headcount.

Partner and lawyer numbers were all requested as full-time equivalent averages for 2012. All partner hires were up to and including February 2013. Total lawyer numbers include partners, associates, assistants and trainees but not paralegals. An average exchange rate for the year 2012 was used for Global London. This was £1=$1.58474. Full table follows…

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