Three more top-100 firms have posted bullish trading figures, further underlining the buoyancy of this year’s results round.
Top-25 (by revenue) outfit Taylor Wessing has posted an 8.2% rise in UK income to £121m for 2014/15, with global revenue down slightly after currency adjustments to £239.8m.
UK average profit per equity partner rose from £657,000 last year to to £767,000. The firm, led by managing partner Tim Eyles (pictured), said its strongest performing departments were technology media and communications, private wealth, life sciences and energy.
New ventures in the last year have included opening representative offices in Palo Alto and New York City, and an exclusive association with Korean practice DR & AJU.
At top-40 firm Fieldfisher, average PEP has risen from £416,000 to £506,000 on the back of a 9% rise in turnover to £113m.
Michael Chissick, managing partner at Fieldfisher, said: ‘2014/15 was a year of transformation which included moving to new head offices in London, the rebranding project, modernising our IT systems, new website and a new Manchester office.
’Initial figures show that Corporate, Dispute Resolution, Finance and Real Estate have performed exceptionally well. Other notable areas to mention include Personal Injury and Medical Negligence and Technology, Outsourcing and Privacy. Internationally our Paris office has had a good year.’
Full service London firm Bristows, meanwhile, has seen net profit rise to £14.5m from £12m on turnover up from £34.1m to £38m. Bristows has yet to finalise this year’s PEP.