07:31, November 22 70 0

2017-11-22 07:31:08
WFW posts double-digit turnover growth for second consecutive year

Watson Farley & Williams (WFW) has revealed a 13 per cent hike in revenue at the half-year point – its second consecutive double-digit boost in as many years.

The firm announced it had billed £76.1m in the first half of the financial year, up from £67.6m in H1 2015/16. This is slightly lower than 2015/16, when WFW revealed turnover had increased by 14 per cent from £59.5m.

At the end of the 2016/17 financial year, WFW announced global turnover had grown to just shy of £160m after a jump of 20 per cent.

In June, WFW co-managing partner Chris Lowe admitted the results were “influenced by currency exchange rates” but added the firm has seen substantial real growth across the business.

Commenting on these results, Lowe added the results stem from the firm’s sector-focused strategy on transport, energy and real estate.

Fellow co-head Lothar Wegener added: “The considerable investment the firm has made into our business services over the past few years, alongside our strategy of targeted lateral hiring of high calibre lawyers in our specialist sectors of transport, energy and real estate, continue to pay off”.