Taylor Wessing Withdraws 5% Profit Share for Non-Partners Amid Subdued Revenue Growth

Law firm Taylor Wessing has decided against providing a salary-based 5% profit share to non-partners for this year, following a period of subdued revenue growth. This benefit has been extended to all employees —excluding partners— for the past two fiscal years. According to an interview with the UK managing partner for Law.com International, such bonuses have been “distributed in years of exceptional circumstances”.