WFW posts modest improvement after banner year
Watson Farley & Williams (WFW), this year’s financials show more modest growth in revenue and a dip in profit per equity partner (PEP).
WFW’s revenue rose by 3% to £162.9m, just a year after it had shot up by 20% to reach £159.8m. Meanwhile, without disclosing specific figures, co-managing partner Chris Lowe confirmed that the firm’s PEP fell from the approximate £600,000 figure reported last year, citing the 11 lateral hires made by the firm as a cause.
The lateral hires certainly played a role, including that of regulatory rainmaker Thomas Ross from Ropes & Gray, though the firm also its share of partners to lateral hires, most notably with the departure of a team of four partners to Herbert Smith Freehills.