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Addleshaw Booth & Co has elevated Richard Papworth to national head of banking
The appointment follows the departure of Mark Chidley as director of group legal services to the Royal Bank of Scotland (The Lawyer, 4 March). Papworth, a banking partner at Addleshaws in Leeds since 1995, will assume the role once Chidley leaves on 30 April. He joined Addleshaws from Travers Smith Braithwaite in 1991. Papworth's speciality has been acting on high-value social housing finance transactions, particularly the funding of local authority voluntary stock transfers. Since the beginning of 2000, Addleshaws has acted on £3bn worth of these deals, including advising Bradford & Bingley on the £111.5m funding to facilitate the transfer of 12,759 homes from Calderdale Metropolitan Borough Council to Pennine Housing 2000 and advising Britannia Building Society on the £50m funding to transfer 3,044 homes from Staffordshire Moorlands District Council to Moorlands Housing. The firm's banking clients also include Barclays. Papworth is an obvious choice for Addleshaws, as he is particularly well regarded in the banking sector. "In an increasingly competitive marketplace, our priority will be to attract, retain and develop the best clients by continuing to deliver high-value, commercial and cost-effective professional advice," said Papworth. Addleshaws' banking team currently consists of 19 partners and 53 fee-earners.