5 July 2013
Watson, Farley & Williams (“WFW”), a leading international law firm, has announced its results for the financial year ending 30 April 2013. Firm-wide revenue is £102.1m, up 2.2% on the previous year (£99.8m).
Michael Greville, Managing Partner of Watson, Farley & Williams comments: “This year’s financial results show a continued level of growth reflecting the resilience of our business model in the sustained unpredictable global trading conditions. We are pleased to pass the £100m milestone, delivering on our strategy of working with investors, financiers and operators in our core sectors to a consistently high standard across jurisdictions. This level of income represents an increase of over 75% in the five years since 2008.
Opening two new offices in Hong Kong (March 2012) and in Frankfurt (January 2013) and investment in a number of lateral hire partners last year has, as expected, impacted the firm’s profit and average profit per equity partner is set to be around £390,000 this year. We are confident that these investments driven by client demand will generate sustained growth for the business. A strong pipeline of work coming in across all of our offices already bodes well for 2013.”