Eversheds’ private equity team makes great strides” />Eversheds’ focus on its London corporate group is starting to pay off after its private equity group bagged four new clients, including a mandate from private equity house Phoenix Equity Partners, which was previously loyal to Travers Smith.
Eversheds has boosted the manpower in its London corporate practice by 25 per cent and has hiked revenue by 24 per cent in the past year.
The figures come as an indicator that the top 10 law firm is on target to meet its three-year plan, dubbed ‘Making It Happen’, which aims to double the size of the London office and to increase its turnover by £40m to £110m by 2009.
To grow Eversheds’ burgeoning City and international private equity practice, the firm has hired Olswang senior associate William Sharpe, who today (5 February) becomes a partner in the group.
Sharpe, who leaves Olswang after seven years, is the fifth lawyer to join the practice at partner level since May 2006.
This recruitment drive, which included the hire of Ernst & Young partner Martin Scammell, brings the number of partners in the firm’s London corporate practice to 34.
Partner Peter Halpin, who heads the corporate practice group, said the latest appointments add serious weight to the London office and will help the firm “match the calibre” of its clients.
Halpin added: “We’re seeing a lot of big-name clients attracted to our offering in the City and growing the practice in the capital is central to the expansion of the group as a whole.”