Legal giant seals deal for city site
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| Blake Lapthorn Tarlo Lyons current offices |
MAJOR south coast law
firm Thomas Eggar is to
make its debut in
Southampton by taking
over rival Blake Lapthorn
Tarlo Lyons' city centre
offices, the Daily Echo can
reveal.
Thomas Eggar will spend £3m
refurbishing BLTL's Brunswick
Place offices, right, as the first step in
creating a 150-strong branch here.
Bosses at BLTL sanctioned the
deal because they plan to relocate
its Southampton and
Fareham offices into New
Kings Court, Chandler's Ford,
which has space for 300.
As previously reported by
the Daily Echo, Thomas Eggar
abandoned plans to buy a
Southampton firm for up to
£15m after finding no suitable
candidates.
Ranked third on the south
coast by law industry bible the
Legal 500, Thomas Eggar last year
generated profits of £10.7m on a
£34.2m turnover.
Numbers one and two - Shoosmiths
and BLTL - already have significant
bases in the city.
Thomas Eggar aims to target the
corporate and commercial property
sectors as well as the county's high
net-worth clients that have already
attracted a succession of financial
giants to open branches in the city.
Managing partner Tony Edwards
said: "We have acquired the freehold
and are putting in a £3m investment
for a major refit.
"This is the first cold start we have
attempted but because of the
strength and size of the market in
Hampshire it's a place we have to be.
"Southampton is a key part of the
region. It's now re-establishing its
commercial centre status and we
need to be there."
BLTL managing partner Walter
Cha said: "This is a hugely exciting
development which will strengthen
our ability to offer a high quality and
innovative service to our clients and
provide a superb place for us to
work."
10:24am Wednesday 7th May 2008
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CommentPosted by: Fred on 3:06pm Wed 7 May 08
"Blake Lapthorn Tarlo Lyons" taken over by "Thomas Eggar".
Thank goodness because a merger would have resulted in Thomas Eggar Blake Lapthorn Tarlo Lyons.
"Blake Lapthorn Tarlo Lyons" taken over by "Thomas Eggar".
Thank goodness because a merger would have resulted in Thomas Eggar Blake Lapthorn Tarlo Lyons.
Posted by: Ron Enderstick on 3:41pm Wed 7 May 08
I never realised giant seals were legal. Dammit
I never realised giant seals were legal. Dammit
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