Turnover and PEP up at Watson Farley

Watson Farley & Williams saw turnover grow by 11 per cent over the 2010-11 financial year with average profit per equity partner (PEP) rising by 2.2 per cent.

Michael Greville
Michael Greville

At the end of the financial year the firm’s turnover stood at £88.8m, up from £80.2m the previous year.

Following the 2.2 per cent rise PEP went from £448,000 in 2009-10 to £458,000.

In a statement, managing partner Michael Greville said: “This year’s financial results are a robust continuation of our steady growth in recent years, which has seen the firm’s revenue increase by 50 per cent over a three-year period.

“They’re a validation of the firm’s strategy to concentrate and build upon its strengths in investment and finance and specific industry sectors, with consistency across all our jurisdictions.

“Following a robust performance in the previous financial year, during 2010-11 we continued to experience growth in fee-earner headcount to strengthen the firm’s practices, at the same time maintaining work levels to keep people busy.”