Sprecher Grier Halberstam (SGH) was founded in 1984 by David Sprecher and Ian Grier and has now grown to a 25-partner commercial practice.
Recently the firm’s turnover has grown significantly with rises of 26 per cent in 2006 and 15 per cent in 2007. Despite the financial turmoil, the single-site London firm managed to make it a hat trick of double-digit revenue rises by posting a 10 per cent increase for 2008-09.
Even the firm’s corporate and property groups managed to buck the prevailing trend with solid performances, with deals such as the sale of the MarkOne portfolio of 120 shops at the end of 2008 and the disposals of numerous repossessed properties keeping lawyers in both teams busy.
Managing partner Emma Shipp says the firm is now embarking upon a strategy of controlled expansion, following a move to 16,000sq ft of new premises at One America Square, EC3 in March 2008.
“With double the floorspace, we now have the ability to expand further and grow our business in a controlled way during the coming year,” says Shipp. “Given the existing matters on which the firm is advising and the likely increase of cross-referrals from the firm’s insolvency team, confidence in the firm’s prospects is high.”
SGH has added seven partners to its total over the past 12 months and plans on expanding the number who share the equity sooner rather than later.
The hires include a three-partner team from Rooks Rider, which beefed up SGH’s litigation and employment capabilities. This also resulted in the firm joining the 70-strong international law firm association Legus, becoming the UK’s sole member.
“It means if clients come to us with cross-border issues we immediately have international contacts at our fingertips,” explains Shipp.
Managing partner: Emma Shipp
Number of partners: 25 (plus one qualified company secretary)
Number of equity partners: Eight
Number of lawyers: 36 (partners and associates)
Number of fee-earners: 71
Number of offices: One
Main practice areas: Corporate, commercial property, debt recovery, employment, leisure, insolvency, IP/IT, professional negligence, services to lenders
Clients: Allied Irish Bank (GB), Cheltenham & Gloucester, Enterprise Inns, JD Wetherspoon, KPMG, Lloyds TSB, North Yorkshire Mortgages, Tenon, USwitch