Firm profile: Putsmans

Birmingham-based firm Putsmans has been in an expansionary mood during the past two years, bringing in several new recruits from big Midlands firms.

Managing partner:

Julia Holden
Chairman: Terry Lipscombe
Turnover: £10.5m
Total number of partners: 27
Total number of staff: 53
Main practice areas: Commercial property, business services, insolvency, employment, litigation, corporate, insurance
Key clients: Getty Images, Capgemini, Siemens Energy Services, Royal Bank of Scotland, HSBC
Number of offices: One
Location: Birmingham

Birmingham-based firm Putsmans has been in an expansionary mood during the past two years, bringing in several new recruits from big Midlands firms.

The firm has made several lateral hires to bolster its corporate commercial department, increasing its size by more than 30 per cent since 2004.

Its rapid growth made headlines last year when The Lawyer profiled Putsmans as part of the Rising 50.

Last year, the firm launched a new insolvency practice, hiring lawyers from Leamington Spa-based firm Wright Hassall and national outfit Hammonds.

Putsmans chairman Terry Lipscombe adds that the firm has hired a number of lawyers, including eight new partners, during the past 12 months, from firms including Eversheds, Hammonds, Martineau Johnson and Wragge & Co.

He says the firm most recently hired the in-house corporate lawyer Matthew Sutton from Midlands train producer Altsom.

“Our strategy has been to grow in key practice areas by securing the right people,” Lipscombe explains. “We’ve achieved that goal and now we are looking at ways to expand further. We know that we need to grow and that it needs to happen relatively quickly.”

Putsmans has a lengthy history, but only really began to take off four years ago when it merged with Wilcox Lane Clutterbuck. Determined to expand, Lipscombe says the firm has not ruled out a merger at some stage in the future.

“Never say never – we may merge, but it’s not something that’s part of our strategy at the moment,” he says. “We’re always speaking to people about the possibility [of merging], but there’s nothing in the pipeline yet.”

Lipscombe says the senior management at Putsmans is discussing the possibility of opening a new office.

“We’re considering opening a new office, either in the Midlands or further north,” he says. “We’re looking at the business and deciding where to go next.”

With 220 staff in all, Putsmans has three key practice areas, including commercial property, business services and insurance.

The firm has found success in acting for high-profile clients in niche areas such as employment law.

“We want to continue to broaden our client base by doing this sort of work,” Lipscombe says.

Lipscombe is confident that the firm will continue to grow, but is unsure where Putsmans will be in five years.

“It’s difficult to say what will happen in five years time, but I can say we’re definitely in expansionary mode and that will continue,” he states.