Forsters – a leading law firm specialising in private wealth and real estate
In March 2017, Forsters LLP, the leading London law firm, announced that fee income in 2016 – 2017 was up by 8.7% at £50.1 million and that PEP rose from £527,000 to £532,000.
Managing Partner, Paul Roberts said:
"Fee growth of more than 8% represents an excellent outcome in what has been a challenging year. With activity in real estate markets well down since the Brexit referendum in June 2016 it was a real achievement for fees to exceed £50 million.
We have seen consistent growth over the last six years with fee income up by more than 100% since 2011. During this period, our strategy of building both our real estate and private wealth businesses has paid dividends. Our ability to grow revenue in a difficult business climate demonstrates the quality of these practices".
During 2016 Forsters' Corporate, Banking and Private Client teams all produced record results. The highlight was advising family office client, Greybull Capital on its purchase of Tata Steel's long products business which brought together corporate, banking and real estate expertise.
The firm has many opportunities for growth over the next 12 months. Its immediate focus will be on developing its Private Client business following the arrival of the Gowling WLG London Private Client team in May 2017. The addition of this highly respected team means that Forsters has one of the largest Private Client teams in London which will go from strength to strength.