Forsters announces sixth consecutive year of double-digit growth
Forsters LLP, the leading London law firm, today announced that its fee income grew by 11.3 per cent in 2015/16 to £46.2 million. This was the sixth consecutive year of double-digit growth which has seen fee income more than double since 2011.
Growth in 2015/16 was achieved with strong performances from Forsters' leading Real Estate and Private Wealth practices. Real Estate, which posted a 14 per cent increase in fee income, benefited from greater confidence and activity in the property market. Forsters saw increased work volumes from long standing clients, which include leading property funds such as British Airways Pension Fund, Aberdeen Asset Management, Rockspring and Savills Investment Management, as well as from property owners, developers and occupiers such as Knight Dragon, Moorfield Group, McDonald's, The Crown Estate and LXB Retail Properties plc. Important new instructions came from clients such as LaSalle Investment Management, Qatari Diar, APAM, Essential Living, and the Nationwide Pension Fund.
Forsters' private wealth business had an exceptional year in 2015/ 2016 with fee income up over 20 per cent. The team continued to grow its reputation as one of London's leading private wealth advisors in both UK and offshore markets.
Highlights of 2015/2016 included advising on Greybull Capital's purchase of Tata Steel's long products business and helping Knight Dragon secure the largest residential planning application ever seen in London for their development at North Greenwich.
Paul Roberts, Managing Partner at Forsters said: "Our strategy of focussing on real estate and private wealth has been central to sustained and consistent growth since 2011. The strength and reputation of these practices helps us support a fantastic client base and enables us to compete for and win significant new clients in these markets. We believe our highly personal service coupled with the expertise and depth of resource to handle large and complex projects will continue to be a winning combination."