Watson Farley points to lateral hires as revenue grows

Watson Farley & Williams says its investment in lateral hires has seen revenues increase, as the firm posted five per cent growth in half-year revenues for the period to 31 October.

The firm posted global turnover at £59.5m for the same period, and said its turnover is up 7 per cent on a currency by currency basis. This steady increase follows a strong full-year revenue performance announced in July, as turnover was up 7 per cent from £117m to £125m. 

Twenty-four new partners

Co-managing partner Lothar Wegener said the firm's investment in 24 new partners in the past 18 months as lateral hires and a new office in Dubai has encouraged stronger returns. The office in Dubai is the firm’s fourteenth and opened last year as a result of increased client demand in the Middle East, particularly the UAE. Finance partner Andrew Baird relocated from London to head up the new office, along with two associates. Source: Legal Business

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