Addleshaw Goddard advises DfT on refranchise of West Coast Main Line
Addleshaw Goddard has advised the Department for Transport (DfT) on the refranchise of the West Coast Main Line, which was awarded to Virgin Trains on 19 June.
The short-term contract will see Virgin Trains run the franchise for the next two years and nine months for a premium of £430m.
The team — led by Mike O’Connor, head of infrastructure, projects and energy at Addleshaw Goddard, with support from Andy Sykes, Jacqui Langley-White, Ben Traynor and Andrew Maskill — advised the DfT on the franchise agreement and rolling stock elements of the deal.
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The past five years have not been easy for Addleshaw Goddard. The firm’s revenue fell 7 per cent from £173.1m to £161.9m between 2008/09 and 2010/11 and despite finances looking up in 2011/12, when Addleshaws reported a 30 per cent increase in net profit, it has shown no notable compound growth in turnover since 2007/08.