Watson Farley & Williams posts 5% rise in half-year revenue
Watson Farley & Williams' revenue grows to £59.5m in the first six motnhs of the 2015-16 financial year
December 03, 2015 at 05:10 AM
2 minute read
Watson Farley & Williams has announced its revenue for the first six months of the current financial year was 5% up on the same period last year.
The firm said revenue in the six months to 31 October was £59.5m, up from £56.8m over the same period of 2014.
Its 2014 half year figure marked an 8% increase in revenue on the 2013 half year revenue of £52m.
The firm's revenue for the full 2014-15 financial year was £125.2m.
Watson Farley's co-managing partner Chris Lowe said: "On a currency by currency basis we are more than seven percent ahead of last year, and our lawyers are seeing a good level of client demand across our core sectors.
He added: "While we don't have a crystal ball, we expect that to continue throughout the rest of the financial year, so this result gives us a strong position to build upon."
Co-managing partner Lothar Wegener said the rise in revenue was, in part, due to a "return on investment" from the hire of 24 partners since the end of 2013-14 and the opening of a new office in Dubai.
Other firms to have released half year results in 2015 include Osborne Clarke, which saw a 25% revenue rise to €111m (£77.59m), Fieldfisher which grew by 8% to £58.4m and Allen & Overy which announced a 3.6% revenue increase to £642m.
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