Watson Farley & Williams has re-elected its co-managing partners for a further five years, with the firm also revealing its half-year results for 2018/19.
London-based Chris Lowe and Hamburg’s Lothar Wegener first took up the post in 2014 and will now increase their reign by five years taking them until 2024.
Lowe said: “We are energised and enthused at the prospect of a further term. Our re-election represents a strong commitment by the firm to its investment culture together with the ambition to achieve sustainable ‘quality growth’ for our ‘services into sector’ strategy”.”
Wegener added: “Looking forward, with productivity having remained constant and a strong pipeline of work currently in progress, we are well placed to meet our planned annual growth target of at least 5%”.
Their re-appointment comes as the firm’s revealed its half-year revenue figure for 2018/19 of £85.9m. This puts it at the same level as last year on a like-for-like basis, but represents a 65 per cent revenue increase on the firm’s 2013 half year results (prior to Lowe and Wegener’s appointments.) Actual fees billed for the period were £74.6m as compared to £76.1m for the same period in 2017/18.
Today, WFW announced it had hired Ince & Co’s Greek law dispute resolution head in Greece, George Iatridis, making him the third new joiner from the firm in the region. Former Ince & Co Piraeus partners Antonis Lagadianos and Evangelos Catsambas joined WFW Athens this month.
These are the latest leavers from Ince ahead of its takeover by listed firm Gordon Dadds. Other departures include Ince’s London head Andrew Jameson, Singapore managing partner John Simpson who joined Stephenson Harwood and offshore finance partner Martin Brown. Hong Kong-based Asia head of structured finance Balbir Bindra has also left the firm.