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Revenues at Watson Farley & Williams have broken through £50m mark for the first time.
Revenues at Watson Farley & Williams have broken through the £50m mark for the first time. Gross fees for the 2005-06 financial year reached £53.5m, a rise of 9.5 per cent. Average profit per equity partner at the shipping, energy and finance firm also hit a benchmark figure, breaking £400,000 to reach £419,000. The 7.4 per cent increase in average profits is lower than figures reported by a number of firms so far this year. However, unlike an increasing number of firms, Watson Farley’s partnership is almost entirely full equity, creating a dampening effect on the overall average. The year saw Watson Farley increase its share of international matters with a major mobile phone financing in Nigeria, the conclusion of the Indian Dhabol project arbitration, and the establishment of an offfice in Hamburg. The new German office has now grown to 14 fee earners.