Taylor Wessing has announced a 5% improvement in profits per equity partner (PEP) at its UK arm to break the £600,000 mark, after the firm last month (29 May) unveiled a double-digit rise in fee income.

Profits at the Anglo-German firm rose from last year’s figure of £583,400 to a new high of £614,000 for 2007-08, a rise of just over 5%.