Watson, Farley & Williams (WFW) has seen profits per equity partner (PEP) dip by 13% during 2012-13 despite turnover breaking through the £100m barrier for the first time. After posting a PEP figure of £446,000 in 2011-12, average partner pay has slipped to £388,000 following a year in which the firm invested in a new Frankfurt office which opened in January. Revenue, meanwhile, has risen a little over 2% to £102.1m from £99.8 the previous year – a rise which can be partly attributed to its Hong Kong office which was launched in March 2012.
Watson Farley & Williams has seen profits per equity partner (PEP) dip by 13% despite turnover breaking through the £100m barrier for the first time. After posting a figure of £446,000 last year, PEP...
Addleshaw Goddard and Hunton & Williams in merger talks: UK firm's management to talk to partners later today
UK firm in talks to combine with US firm Hunton & Williams, with discussions going on for several months
Macfarlanes joins magic circle firms as majority stake in commodities news service is sold to US investor General Atlantic
Due diligence process criticised by MP committees following the collapse of BHS
Jacobs' victory was long predicted – but what is now expected of the firm's new senior partner?
DLA Piper hires first South Africa partner from Linklaters' ally as HSF hires Bowman Gilfillan partner
Global firm plumps for partner from Linklaters ally Webber Wentzel as HSF turns to Bowman Gilfillan for local M&A practice