Nabarro‘s recent closing of £1bn worth of acquisitions and disposals for developer Land Securities was a sign that the property-focused firm is reclaiming ground from rival Freshfields Bruckhaus Deringer.
Freshfields had been making full use of a personal connection between its head of real estate Chris Morris and Land Securities London managing director Mike Hussey to muscle in on what Nabarro had considered to be its client.
And while the latter was publicly relaxed about any challenge, it can’t have been over the moon to see one of its big-ticket clients handing out some major work to a major challenger in an extremely competitive market.
The successful completion of this work, which marks Land Securities’ move into prime East London property, may help prevent any erosion of Nabarro’s standing, but you can be sure that Freshfields will fight back. This one will run and run.Get the latest news and an irreverent commentary delivered to your desktop every day by subscribing to Lawyer News Daily.
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