WFW reveals strong results

Legal firm Watson, Farley and Williams (WFW) has revealed strong results for the last financial year.

Revenue was up by nearly 10% to £80.2mn (US$116mn) with equity partners successfully achieving an average profit of £488,000 (US$706,000), up by 4.2%.

GTR speaks to Michael Greville, managing partner of WFW, about the results: “The results reflect the fact that we have a firm which is well focused into certain areas which have not been so badly hit by the financial crisis. In the markets that we are in, we have a good position.”

Significant deals that WFW was involved in during the last financial year were Kazakh-centric, as both Alliance Bank and BTA Bank consecutively called on the firm’s services to help with their respective restructurings.

Michael Kenny, partner at the firm, tells GTR: “Both Alliance Bank’s and BTA Bank’s restructurings are stand-out deals for the past year, as not only were they high profile, but both of the restructurings were successfully agreed by the creditors.”

Greville adds: “This year’s financial results confirm that our strengths in investment and finance and concentration in our key industry sectors has stood the firm in good stead during a challenging period in world markets.”