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| Turnover | £49m | | Profit per equity partner | £390,000 | | Equity spread | £150,000-£725,000 | | Net profit | £20.3m | | Profit margin | 41 per cent | | Revenue per lawyer | £310,000 | | Revenue per partner | £860,000 | | Revenue per equity partner | £942,000 | | Total no of fee-earners | 158 | | Total no of assistants | 101 | | No of partners | 57 | | No of equity partners | 52 | | Total no of female partners | 8 | | Total no of female equity partners | 6 | | Total no of staff | 306 | | Leverage ratio (equity partners/fee-earners) | 1.9 | | Representative clients | Citibank
Royal Bank of Scotland
Government of India
Talisma Malaysia
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Watson Farley & Williams reported steady
growth, with PEP jumping 9.3 per cent to £390,000.
Turnover increased by 8.9 per cent, from £45m to
£49m. Net profit grew by a 19.6 per cent, from
£17m to £20.3m. Partners at the bottom and top
of equity drew £150,000 and £725,000 respectively.
Finance continues to dominate, billing £19.8m,
40 per cent of turnover. Corporate and litigation's
turnover stood at £11.6m and £10.9m respectively.
London generates 73 per cent of revenue, while
New York and Singapore are the next largest contributers
at 7 per cent of global turnover apiece.
The firm converted into an LLP on 1 May 2005.
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