NEWS

WFW beats 2018/19 fee income target as profits strengthen by 14%

5 July 2019

Watson Farley & Williams’ global fee income for the financial year 2018/19 increased by 6% to £172.3m, beating the firm’s planned target fee income growth.

Overall profits were up 14% at £47.5m, with profit per equity partner up 11% to £562k.

Managing Partner Chris Lowe said: “This is another strong result based on real substantive growth, as our increased profits clearly demonstrate. This is testament to the ongoing success of our industry-focussed ‘services into sector’ strategy”.

Managing Partner Lothar Wegener added: “Quality growth against a background of targeted and ongoing investment in our business services leading to improved performance, is the true measure of this firm’s success. These results make clear that WFW remains well placed to face future challenges and opportunities with confidence”.