East Mids law firm’s finance and banking team set for record year

Paul Ray

Law firm Browne Jacobson has said its banking and finance team is on course for a record year of growth after generating like-for-like fee income growth of 30% for the period May–December 2017.

The team advised on transactions valued at over £500m in 2017 and with a heathy pipeline is on course to have a record breaking financial year.

Flagship deals have included advising RBS on the Foresight-backed management buyout of Nottingham-based Retail Assist.

Paul Ray, national head of Banking at Browne Jacobson, said: “We have seen significant growth across the practice over the last few years. The last nine months have been particularly busy culminating in a number of important panel wins and the establishment of a new banking team in Manchester is a huge vote of confidence in the practice by the partnership.

“Going forwards we expect to see growing levels of activity and interest from lenders and investors in the residential construction, med tech and commercial health sectors. However for others 2018 will remain challenging. Retailing and the casual dining sector will continue to feel the effects of rising operational costs, changing consumer tastes and the squeeze on disposable incomes. The impact on the commercial construction sector following the collapse of Carillion will also be felt for some time to come.”

Shaun McCabe, Nottingham based banking partner, said: “We have had one of best years for deal completions in the East Midlands. We expect the positive lending environment to continue into 2018 shown by a strong pipeline of transactions. We look forward to continuing to deliver successful transactions for our clients and building the team this year.”

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