Richard Papworth is the firm’s national head of banking and the divisional managing partner of the Finance and Projects Division. He is one of the most experienced and respected banking specialists in the UK. He has wide expertise of banking and finance issues.
His principal practice areas are social-housing finance, real-estate finance, asset-based lending and treasury and capital markets.
Papworth’s major financial institutional clients include The Royal Bank of Scotland Group, Nationwide Building Society, Barclays Bank plc, Abbey National plc, Britannia Building Society, Lloyds TSB and Bradford & Bingley plc. Other clients include several of the firm’s corporate clients for whom finance and treasury work is undertaken.
He is recognised by independent commentators as one of the UK’s leading lawyers specialising in high-value social-housing finance, particularly the funding of local-authority large-scale voluntary stock transfers. Papworth and his team have completed in excess of £17bn of social-housing funding transactions.
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Briefings from Addleshaw Goddard
InCredit March 2014 — mortgages: Mortgage Credit Directive text published in OJEU; FCA publishes findings to MCOB survey; and more
The text of the Mortgage Credit Directive (MCD) (2014/17/EU) has been published in the Official Journal of the EU.
According to a company press release, Paragon Bank has become the first new bank to obtain a banking licence from the PRA.
Analysis from The Lawyer
Could Slater & Gordon achieve its stated aim of becoming a top consumer brand by acquiring Pannone?
The past five years have not been easy for Addleshaw Goddard. The firm’s revenue fell 7 per cent from £173.1m to £161.9m between 2008/09 and 2010/11 and despite finances looking up in 2011/12, when Addleshaws reported a 30 per cent increase in net profit, it has shown no notable compound growth in turnover since 2007/08.