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South East firm Asb Law has streamlined its management and has restructured its practice areas into five key groups to align it with its principal business sectors
The core practice areas are commercial, private client, insolvency, claims and insurance and property services. The firm has also won places on five regional banking panels and replaced Eversheds as adviser to automotive company Mr Clutch, helping to push turnover up by 8 per cent for 2001/02. Turnover rose from £13.1m in 2000-2001 to £14.1m for the last financial year. Profits per partner were described by chief executive Christopher Honeyman Brown as "stable". As well as ousting Wragge & Co from the Department of Trade and Industry's London directors disqualification contract (The Lawyer, 18 February), the firm has been retained as Mr Clutch's preferred adviser instead of Eversheds. Mr Clutch's finance director Trevor Steel said: "We asked them to sort out a matter that had been dragging on for a long time. [Partner] Lee Hills brought it to a speedy conclusion and showed a real understanding of our business requirements." In the past nine months, Asb Law's banking team, led by Russell Bell and Sam Clark, won places on the regional panels of Lloyds TSB, Bank of Scotland, Allied Irish Bank, Bank of Ireland and RBS Natwest.