Fee income at Watson Farley rose to a new high of £59m, up from the £54m billed over the previous 12-month period. Profits per equity partner (PEP), meanwhile, climbed by 7% to a new high of £424,000.
The figures mark a significant improvement on the firm’s performance last year, when Watson Farley saw profits dip by 5.5% against a modest increase of just under 1% in total revenues.
The rise in fee income comes after a year during which Watson Farley has opened two new overseas offices, with the firm adding branches in
Commenting on the latest results, Watson Farley managing partner Michael Greville (pictured) said: “We are increasing our geographical spread and are well positioned in some exciting and growing sectors. We are very pleased with this result, which shows that the firm is a stable and expanding business [that] is going from strength to strength.”
Last November the firm abandoned plans for a tie-up with
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