City firm Watson Farley & Williams (WFW) has revamped its management structure, appointing a London head to support firmwide managing partner Michael Greville.
Finance partner Mike Vernell will attend to the running of the UK operation, while each jurisdiction in which the firm practises will now have a representative on the management committee.
The finance and energy boutique has moved away from a diffuse structure that involved practice group heads and office heads to one that foregrounds the international shape of the business. As of the beginning of this month, each of the firm’s overseas offices gets a voice in decision-making.
Greville said: “The purpose of this is to get a bit more coordination. As we’ve expanded from six offices to 12, London’s proportion of revenue to the total has shrunk from 60 per cent to less than 50 per cent. We needed a new structure to reflect this.”
WFW is also set to run elections for an oversight board for the first time.
“It’s valuable to have a group of people with whom one can discuss the big strategic issues,” said Greville.