BLP property team inspires 17 per cent revenue growth

BERWIN Leighton Paisner’s (BLP) real estate team has led the firm’s half-year 17 per cent growth in revenue, with the Robert MacGregor-led department up 26 per cent on its 2004 figures.

The firm’s corporate and finance departments are both up 15 per cent at the half-year mark, and managing partner Neville Eisenberg said the firm was “more or less on target” to reach its yearly budget.

Eisenberg estimated that approximately 45 per cent of the firm’s gross annual billings had been made in the first half of the year, with the traditional end-of-year rush on real estate deals yet to come.

“The market’s really strong and our real estate department is doing bigger, more complex transactions, and as such the quality of the work has undoubtedly gone up,” Eisenberg said.

The real estate team added several key partners, including MacGregor from Clifford Chance last October, Catherine Cook from Freshfields Bruckhaus Deringer and Graham Lloyd-Brunt from Norton Rose. “Their contribution is becoming more noticeable,” said Eisenberg.