Wallace

West End firm Wallace managed another year of increasing revenue in 2011–12 and has budgeted for more of the same in 2012–13. Total turnover rose from £8m to £8.15m, albeit a less-impressive rise than in the previous year, when revenue rose by 17 per cent. However, the 2012–13 forecast is for around £9m.

That rise, as with last year’s, will be driven by Wallace’s core areas of corporate, real estate and litigation. Highlights of the latter practice include representing Ludsin Overseas, a company owned by longstanding client and Russian entrepreneur Pavel Lisitin, in a successful fraud-related claim for full recovery of his investment in a substantial property deal, as well as a 10-day High Court trial for estate agents Fine & Country.

On the corporate side Wallace advised enterprise data management specialist Cadis on its sale to financial information services company Markit (with Ashurst advising Markit on the deal).

Wallace also continued ramping up at partner level during the year with the hires of commercial property specialist Matthew Morgan from Howard Kennedy, former Bircham Dyson Bell IP head Benjamin James and employment expert Nigel Forsyth from Barker Gillette.