Watson Farley's veteran MP to step down
Watson Farley & Williams, Michael Greville, is set to resign from the leadership role to return to full-time fee-earning in the shipping, oil and gas and energy sectors.
Greville has been at the helm since July 2001, when he took over from former managing partner, David Warder. Before that, he was the firm’s litigation head for a period of five years.
The 2012-13 financial results saw a 2.3% increase in turnover to £102.1 million, but profit per equity partner fell by 13% to £388,000. Things have been looking up in the first half of this financial year, with revenues up by 12% compared to the same period last year - at £52m.
The firms is preparing to elect its new leadership, with global maritime head Chris Lowe and Germany head Lothar Wegener standing as candidates to replace Greville as joint managing partners. The dual appointment is expected to be approved in the next few weeks.