Watson Farley & Williams grew revenue by more than 20% during the last financial year, with fee income almost hitting £160m.

The firm confirmed revenue reached £159.8m in 2016-17 – a 22% hike on the previous year’s figure of £131.2m. The rate of growth, which was positively impacted by the weaker pound, is significantly higher than in 2015-16, when turnover climbed 6% from £125.2m.