The location of Taylor Vinters’ new London office says a lot about the Cambridge firm’s ambitions, according to chief executive Matt Meyer.
The firm’s new City base is in Tower 42, which until recently was the tallest building in the City and remains one of its most iconic.
“We’re trying to differentiate ourselves and show we’re serious about London. A key part of that is credibility; there’s no point moving into an office in a back lane somewhere.”
Meyer leads the firm’s management team along with managing partner Ed Turner and finance director Andrew Moran. The team was installed last May after veteran managing partner Christine Perry stood down following 10 years at the helm.
The firm fared well during the downturn, with turnover rising from £13.8m in 2006-07 to £15.2m last year, while revenue per lawyer increased from £201,000 in 2007-08 to £214,000 in 2008-09. Meyer is confident the firm will see double-digit growth in the coming years, and that London will be key to its success. “The intention is for the new office to give us a portal into the London market rather than being a mirror of our Cambridge practice,” he continues. “London’s a natural market for us in key centres, and we’ve also seen an increasing amount of international work. We can offer a rate that’s competitive with the London mid-market.”
The firm focuses on five main sectors: technology; property; education; horse racing and equine; and food and agriculture. Clients include high net-worth individuals and a number of technology clients, including FTSE-listed and Fortune 500 companies.
The London office will eventually house around 15 staff, including an employment partner and associate, a corporate partner with technology and private equity experience, and an insolvency partner.
“This is one of our most important projects and I’ll be responsible for ensuring it goes smoothly,” he says.
CEO: Matt Meyer Managing partner: Ed Turner Turnover: £15m Number of partners: 30 Number of equity partners: 14 Number of lawyers: 70 Number of fee-earners: 103 Main practice areas: Food and agriculture, technology, property, education, horse racing and equine Key clients: ARM Holdings, Greene King, easyJet, Convergys, University of Cambridge, Darley Studs, WRVS, Teenage Cancer Trust Number of offices: Two Location: Cambridge and London