Watson Farley & Williams has posted its 2010-11 financial results, with turnover at the firm rising 11%.

The firm has seen revenue increase to £88.8m this year, up from £80.2m in 2009-10, while profits per equity partner (PEP) grew 2.2% to reach £458,000.

The results are similar to the firm's financial performance in 2009-10, when it saw turnover rise by 9.1% and PEP grow 4.2%.

Watson Farley managing partner Michael Greville (pictured) 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% over a three-year period.

"They are 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."

The news follows the firm's partner promotions in April, which saw six new lawyers added to the partnership.

The firm revamped its management structure in February this year with the appointment of finance partner Michael Vernell as London head to support Greville.

Meanwhile, a representative from each jurisdiction that the firm practices in now has a place on the management committee.