Boardroom pay at Taylor Wessing surged by over a third last year, in line with profits. Accounts filed at Companies House by the UK LLP show that the City firm’s executive board shared £12.7 million in the year to 30 April, up 37% from £9.3m in the previous 12 months. The highest-earner, who is not named, drew £4,823,000, up from £3,251,000.
Taylor Wessing became one of many City firms to report punchy double-digit growth for 2021/22 when it revealed headline numbers last summer. The firm’s audited accounts show that profit before members’ remuneration and profit shares climbed 37% to £96m from £70m, on UK turnover which surged from £175m to £219m.
The LLP ended 2021/22 with a cash pile of £57m, up from £35m 12 months earlier.
Speaking last June, UK managing partner and global co-chair Shane Gleghorn attributed the year’s bullish results to the firm’s core sector strengths of technology, life sciences and healthcare, together with significant growth in real estate and private wealth.
