Watson Farley posts 9 per cent revenue rise

In 2008-09 the firm made £73.5m (see story) a total that has now increased to £80.2m. The firm has also increased fee-earner headcount and opened an office in Madrid during the year.

This is the third year in which WFW has growm at almost 10 per cent or more. Last year revenue was up 25 per cent on 2007-08 while the previous year it grew by 9 per cent.

Average profit per equity partner at the firm grew slightly over the 2009-10 financial year from £430,000 to £448,000.

Managing partner Michael Greville commented: “This year’s financial results confirm that our strengths in investment and finance and concentration in our key industry sectors has stood the firm in good stead during a challenging period in world markets.

“Following a robust performance in the previous financial year, during 2009/10 we continued to experience growth through increased fee earner headcount, which included opening new office in Madrid and more recently a number of lateral hire partners to strengthen further the firm’s practices. At the same time we maintained work levels to keep people busy.”