Masters joins from Addleshaw Booth & Co's corporate finance team. He is well known for his expertise in dealing with the market abuse and financial promotion regimes introduced by the Financial Services and Markets Act. Additionally, he spent five months on secondment with Royal & SunAlliance in 2000.
Pinsents head of corporate in Manchester Mike Grath, who himself joined the firm from Addleshaws in April, said: “We're delighted to welcome Simon to Pinsents. Since opening in January 2002 we've developed a strong team, which Simon will strengthen further. He brings excellent corporate experience in working with public companies and financial institutions – two of our key chosen markets nationally.”
According to office managing partner Chris Lumsden, the office is beating its targets in terms of people power. It now has 11 partners and a total of 46 staff, up from 17 staff last January, representing an increase of 250 per cent. It has completed 44 deals and is on target to turn over more than £3m in its first full year.
“We've hit all our targets so far with a margin of safety,” said Lumsden. “From a personal point of view, it's going very well, and the partnership generally is very pleased with it.”
The office targeted finance, private equity, corporate recovery and dispute resolution upon opening, and has since added an HR capability, comprising pensions and employment law.
“We'll be expanding further, but it depends on the right people coming along. Certainly, we aim to be a much bigger force in Manchester than we even are currently,” said Lumsden.