Forsters represented Clerical Medical Investment Group on its £46m acquisition of Rolls House and Arnold House in Fetter Lane, London. Clerical Medical Investment Group is a joint venture made up of Clerical Medical and Delancey Estates which hold two thirds and one third respectively of the properties. Forsters property partners Steven Sugar and Sophie Hamilton acted with a team of two on the deal. Delancey Estates was represented by SJ Berwin, Olswang and Gouldens.
Investment banking appears to be the only sector where the in-house legal department does not have almost complete control over the selection of external lawyers. Bankers would rather use their own judgement and personal contacts when it comes to seeking legal advice, making beauty parades largely redundant. It also keeps investment banks closed off from […]