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Wendy Lötter and Lisa Booth, with Linklaters' Toby Starr, have opened up shop as Starr Legal. Based in the City, the three partners offer corporate finance, corporate and commercial law advice through Lötter and Booth, and Starr, who is a solicitor advocate, represents clients in both litigation and arbitration. The firm is targeting mid-cap companies and small to medium venture capitalists and private equity funds.
Lötter said: "We set up to address the need for efficient senior lawyering in the City at reasonable rates. Freedom from high annual hourly billing targets means we can get to know our clients' businesses without the shock of traditional law firm billing."
Since launching in January, the firm has completed a management buyout for Paul Hastings and Gibson Dunn & Crutcher client CableNet International, an online supply chain company. There is also the capture of Tesco, which instructed Starr Legal on a litigation case, and even though the instruction is for just one matter, Lötter believes Tesco will outsource some corporate and commercial work to the firm.
Additionally, Starr Legal is advising IDG Ventures, a $100m (£64.1m) London-based fund, on a secondary funding.