Watson Farley & Williams’ (“WFW”) global income was £187.8m, up 6.1% on the previous year.
Overall profit was up 8.6% to £59.5m, giving a profit per equity partner (PEP) figure of £565k, a 2.1% increase on last year.
Managing Partner Lindsey Keeble said: “We are pleased with our results, with fee income, profit and PEP all up. We’ve welcomed eight new lateral partners to the firm over the past year and promoted eight partners internally, invested in our transition to a new management team and structure as well as establishing other key new roles including a Sustainability Lead and WFW’s first ever General Counsel”.
Senior Partner George Paleokrassas added: “To have made such important structural investments in the firm’s future whilst also achieving solid financial results, highlights the continued success of our strategy of sector-focussed organic growth. I’m especially pleased that we achieved strong growth in several of our long-established Asian and European offices, while also being able to invest in other regions”.