Watson Farley & Williams


The Lawyer UK 200

  • UK 200 Position: 51


  • Position: 50
    Firm: Watson Farley & Williams

    Turnover: £59m
    Profit per equity partner: £424K
    Earnings per partner: £339K
    Equity spread: £150K-£720K
    Net profit: £21.6m
    Profit margin: 37 per cent
    Revenue per fee-earner: £259K
    Revenue per lawyer: £289K
    Revenue per partner: £894K
    Revenue per equity partner: £1.16m
    Total number of fee-earners: 228
    Total number of qualified partners: 204
    Total number of partners: 66
    Total number of equity partners: 51
    Total number of female partners: 9
    Total number of female equity partners: 6
    Total number of staff: 439
    Leverage ratio (equity partners/fee-earners): 1:3



    INTERNAL PROMOTIONS
    2006-07: Corporate 1, finance 1, litigation 1
    2005-06: Corporate 1, finance 2, litigation 1
    2004-05: Corporate 1, finance 1, litigation 3

    LATERALS
    2006: Corporate 3, finance 4, tax 1
    2005: Finance 3
    2004: Corporate 2, EU/competition 1, tax 1

    Intake as percentage of partnership: 15.9
    New female partners as percentage of intake: 18.2
    Firms recruited from: Agnoli Bernardi e Associati, WBS Wegner Bechtel Schmidt
    Equity structure: 60 equity partners, 9 non-equity
    Practice area(s) most heavily promoted: Finance, litigation
    *Figures supplied relate to the calendar year

    Watson Farley & Williams has focused on its international offices for growth. Only one of the eight lateral hires in 2006-07 has been in the London office. By comparison, Hamburg secured three hires. Similarly, only five London lawyers have been made up in the past three years. Singapore is the biggest winner with four promotions.

    • Web: www.wfw.com
    • Telephone: 0207 814 8000
    • Fax: 0207 814 8017
    • No. of Trainees: 24
    • No. of Trainee Vacancies: 12
    • Training contract application deadline: 31-Jul
    • Selection
      • Individual interview
      • Panel interview
      • Assessment day
      • Psychometric test
      • Written exercise
    • No. of Seats: 6
    • Opportunities Abroad: Yes
    • Vacation Schemes
      • No. placements: 30
      • Summer vacation scheme application deadline: 24-Feb
    • GDL/CPE Intake: 50
    • GDL/CPE funding
      • Fees: Full
      • Maintenance: 6,500
    • LPC funding
      • Fees: Full
      • Maintenance: 6,500
    • Salary/benefits
      • Start: 34,000
      • Qualification: 62,500
      • Season ticket loan: Yes
      • Healthcare: Yes
      • Pension scheme: Yes
      • Life assurance: Yes
      • Bonus scheme: Yes
      • Gym membership: Yes
      • Subsidised lunch: Yes