From May 1845 to January 1851 the firm was known as Patek & Co; Philippe lent his name to the company in 1851 when he became a full partner. Among the reasons for their initial success was the high standard of watch making and practicality of philippe's new stem-winding system. In the early years of partnership. Queen Victoria of England herself was already a client. From the middle of the 19th century, Patek Philippe assumed a leading role in the Swiss watchmaking industry by raising the standards of workmanship and timekeeping through the introduction of technical improvements.
Patek Philippe watches have enjoyed great demand among discerning collectors and watch connoisseurs of a high social status and wealth. Since Queen Victoria's reign, monarchs, popes, political leaders, and rulers have purchased timepieces manufactured by the brand either for their personal use or as a precious gift to be presented to an important guest, or in recognition of someone's remarkable bravery and loyalty.

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