Watson Farley & Williams has become the latest City firm to post its financial results for the 2007-08, with the top 50 UK outfit unveiling a 9% increase in revenues.

Fee income at Watson Farley rose to a new high of £59m, up from the £54m billed over the previous 12-month period. Profits per equity partner (PEP), meanwhile, climbed by 7% to a new high of £424,000.