Watson Farley & Williams has posted a double-digit increase in revenues for the second consecutive year, with 2011-12 turnover standing just short of £100m.

The firm’s £99.8m figure marks a 12% increase on last year’s turnover of £88.8m. Profits per equity partner (PEP) are expected to remain steady at around £455,000, compared with a figure of £458,000 in 2010-11.