Crowe highlights challenges facing regional law firms in Midlands and South Wes

Law firms across the Midlands and South West will be meeting in November to discuss the challenges and issues facing the legal sector as 2023 draws to a close. 

National audit, tax, advisory and risk firm Crowe will host its latest regional update meetings for law firm COFAs (Compliance Officers for Finance and Administration) and COLPs (Compliance Officers for Legal Practice) along with senior members of their finance and compliance teams.

Crowe partner Ross Prince, who heads up the Professional Practices team in the Midlands office, said: “We are holding two in-person meetings at our Cheltenham and Oldbury offices to allow flexiblity on date and location.”

“Our COFA Network meets quarterly to discuss compliance challenges, hot topics and provide sector updates. There will be an opportunity for everyone to share queries, concerns and ideas, and get involved in the round table discussions.” 

He states that issues under the spotlight currently include the Solicitors Regulation Authority’s (SRA) 2022-23 Anti-Money Laundering annual report.

The report reminds law firms that from July 2022, fines on regulated firms and individuals rose from a maximum of £2,000 up to a new limit of £25,000.

However, the SRA can impose a fine of up to £250 million on an Alternative Business Structure (ABS), also known as a licensed body, and up to £50 mllion on managers and employees of an ABS. More details here.

Another area where law firms must be vigilant concerns the workplace environment, and the inherent risks in failing to protect and support colleagues. The latest SRA update, details here, provides five case study examples of areas of concern.

Prince said other areas causing concern across the legal profession included the lack of disaster recovery planning for issues such as a cyber attack, an IT crash or physical event such as a fire.

And in an environment of fluctuating interest rates, the subject of what is considered a fair rate for client account interest will also be discussed.

He said: “Firms must account to clients for a ‘fair amount’, which can be interpreted in many different ways, but typically we see firms paying what the client would get from an instant access deposit account at their bank.”

Crowe has published a useful discussion document – Client account interest | Crowe UK

The Cheltenham meeting will take place on Tuesday 21 November from 08:30 to 10:00 at The Find, 20 Regent Street, Cheltenham GL50 1HE, and the Midlands meeting will take place on Tuesday 28 November from 08:00 to 09:30 at Crowe, Black Country House, Rounds Green Road, Oldbury B69 2D.To book a free place at the Cheltenham event, contact joy.hillier@crowe.co.uk, or at the Oldbury event, nathan.sanghera@crowe.co.uk 

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Notes to editor 

Contact:

About us
Crowe is a national audit, tax, advisory and risk firm offering global reach and local expertise. We are an independent member of Crowe Global, one of the top 10 accounting networks in the world. With exceptional knowledge of the business environment, our professionals share one commitment, to deliver excellence.

We are trusted by thousands of clients for our specialist advice, our ability to make smart decisions and our readiness to provide lasting value. Our broad technical expertise and deep market knowledge means we are well placed to offer insight and pragmatic advice to all the organisations and individuals with whom we work. Close working relationships are at the heart of our effective service delivery.
For more information, visit: www.crowe.co.uk

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Law firm revenues increase but surging costs drag profit

Increased turnover failed to turn into higher profits for UK law firms because of rising costs in the past year– that’s the principal finding of the Law Firm Benchmarking Report produced by national audit, tax, advisory and risk firm Crowe.

The 2023 report has been produced in conjunction with the Institute of Legal Finance & Management (ILFM).

Ross Prince, Partner and Head of the Professional Practices team in Crowe’s Midlands office, said: “Demand for services remained high this year, but costs have soared due to the cost of living crisis increasing industry pay expectations and record levels of high inflation.

“Coupled with increases in people numbers, profit pools have been dented even though fee income has increased for most firms.”

Key findings include:

  • Profit pools down despite fee income rises
  • London firms struggle with lock-up: four-day increase on last year
  • Less than a third have a well-established sustainability programme in place
  • Half of firms saw revenue growth of up to 10%
  • Fees per fee earner: London – £285,850; Regional – £145,673
  • PEP down 21% in the London, down 10% in the Regions
  • Headcount up 6.8%; personnel costs rise 13.1%
  • 95% identify cybercrime as a high priority concern

After a resurgent 2021 and 2022 saw law firm revenues surge alongside profit pool increases, this year financial metrics across the legal sector represent a mixed bag, according to new data from Crowe.

Financial performance

In London, it was a tale of modest revenue growth, with two-thirds (67%) of firms seeing an increase in revenue up to 10%.

Regionally the growth figures were more pronounced, with more than a third (38%) seeing growth of more than 10% (and the same proportion seeing growth up to 10%). This regional showing was surprisingly strong, with 58% of regional firms recording results that exceeded their expectations.

Although fee income has increased for most firms, this has not translated into surging profits, with profit pools dented by increases in people numbers and higher base line expenses, which – driven by the challenging economic backdrop – have risen to pre-pandemic levels (or beyond).

There was a 50/50 split between firms that saw an increase in their profit pool and those that saw a decrease. A key challenge for firms is to actively manage outgoings in the face of persistent inflationary pressures and salary costs that continue to rise.

This challenge is also reflected in fees per fee earner and profit per equity partner (PEP) statistics. In London, mean profit per equity partner (PEP) fell 21% to £513,660, while the Regions saw a drop in PEP of 10%, to £283,047.

London and Regional firms diverge on managing lock-up

Working capital and efficiency have been a key focus in light of economic headwinds. While Regional firms recorded success in improving their lock-up by seven days compared with last year, London firms saw theirs increase by four days.

This will remain high on the agenda for next year as management teams continue to be concerned with credit risk, with 77% of firms reporting that improving lock-up is a key part of their plans in the coming 18 months.

Investment in people

Trends apparent in last year’s findings continued when it comes to headcount figures, with three quarters of firms (74%) increasing their headcount, translating to a 6.8% increase in headcount across all firms (even higher, at 8.4% for the regions alone). A 13.1% rise in personnel costs was not surprising, in light of industry-wide pressure to increase salaries in the war for talent attraction and retention.

Reinforcing this salary trajectory trend, firms reported salary and benefits packages as the primary driver for attracting talent (71%), with 50% listing firm culture as a main driver and 40% referencing flexible working as a consideration.

Sustainability programmes vary wildly

Sustainability continues to be an area of focus, but the majority of firms have more to do, as only a third report that they are operating well-established programmes. Almost half (45%) do not yet have a structured programme or are in the process of developing one while, surprisingly, 11% of respondents said they neither have a programme nor plan to implement one.

Outlook for the year ahead

Most firms are expecting a continuation of the expanding workforce trend, with 42% of firms anticipating their partner numbers to increase and 70% expecting their fee earner numbers to increase by up to 10%.

Increased salary costs also look set to continue with 83% of participants considering pay increases between 2.5 – 7.5%. This is no surprise given the cost of living crisis with many firms providing increased salaries to support their staff.

More broadly, firms showed buoyant expectations for the year ahead, with confidence remaining high (77% of firms expect to see an improved financial performance) despite the ongoing talent war and in spite of 65% saying the UK economy will continue to be challenging.

In terms of threats, a vast majority (89%) of participants believe there is a lack of cybersecurity awareness within their firm, with most only offering training on an annual basis – a surprising discovery given that 95% of firms say they rank cybersecurity as a high priority concern.

Nicky Owen, Head of Professional Practices at Crowe, said: “After a strong 2022, the legal sector has seen more muted growth across most financial metrics this year, with London firms in particular battling to keep rising costs under control. If inflationary pressures and the battle for talent continue to intensify, the year ahead could see firms passing on the cost to clients through fee increases.

One worrying trend for London firms is that lock-up days have increased. Cash is king and firms will want to ensure money is coming into the business promptly to sustain their growth projections, particularly if costs continue to soar.”

Tim Kidd, Chief Executive of ILFM, said: “Having partnered again this year with Crowe to bring the findings of this important report to ILFM members and the wider legal profession, it is clear that the main driver for attracting and retaining talent within a law firm focuses on employee benefits together with a good salary.

“We are pleased to have gathered vital data from our legal finance members, who are the ones on the operation floor handling and protecting client ledgers.

“Their input on the benchmarking survey is invaluable for data on lock-up, cashflow and revenue, together with imparting their concerns with cybercrime, as 95% admitted it’s a worry. An insightful read!”

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Search is on for Thursfields’ charity of the year

A charity is to be chosen to receive focused fundraising, awareness and volunteer support from Thursfields Solicitors for the 2023-24 year.

The leading Midlands law firm’s new charity of the year application window has now opened, and entries will be accepted for consideration from now until 24 March 2023.

The successful charity will then become Thursfields’ chosen good cause from 1 May 2023 to 30 April 2024.

Dani James, who has recently been promoted to Thursfields’ business development and marketing partner, implemented the scheme a couple of years ago, to enable better management and execution of the firm’s support to the charity.

Ms James said: “We are keen to support a charity, to help them make even more of a difference to those who are in greatest need.

“Our team across Thursfields’ offices will strive to raise as much funds as possible for the charity, providing volunteers to help on projects and raising awareness of the important role the charity plays.

“We have run our application process for a couple of years and following its success have decided to continue this to enable our team to choose who we support. We have a committed Charity Support team to manage relations and ensure we utilise opportunities to support our chosen charity.

“To elevate our impact, we have decided to focus on one charity who will benefit for the next 12 months from this May.”

Charities need to explain in no more than 500 words why they should be considered on an application form that can be found at https://thursfields.co.uk/charity-of-the-year-applications/.

Ends (258 words)

For further information, please contact:

Dani James, Business Development Manager, Thursfields Solicitors

Email: djames@thursfields.co.uk Tel: 01905 677066

Or

Steve Dyson at ASAP PR – 07990 978257

www.thursfields.co.uk, Twitter – @Thursfields, LinkedIn – www.linkedin.com/company/thursfields

Notes to Editors

Thursfields Solicitors is one of the region’s longest established and reputable law firms, with more than 140 staff in five offices across Worcestershire and the West Midlands. Thursfields Solicitors provides a full range of legal services to business and the private individual, including property, family, employment and commercial law as well as probate and litigation. The firm has offices in Worcester, Kidderminster, Halesowen, Solihull and Birmingham.

Midlands office furniture specialist creates 30 new jobs in expansion helped by Thursfields 

Surging exports as far afield as Australia have seen a Midlands office furniture specialist take on 30 staff and expand into new premises, assisted by Thursfields Solicitors.

JDD Furniture Ltd, which designs and manufactures its own products, was founded by Walsall schoolfriends James Mercy and Joe Duffell in 2009.

It had already quadrupled its staff from five to 20 between 2017 and 2019, at which stage Thursfields helped it to open a new London showroom and move into a bigger warehouse.

JDD has since increased its workforce to more than 50 in the last three years, resulting in its latest move into 18,000 sq ft of space at Units 17B-20B on the Cookley Wharf Industrial Estate, off Leys Road in Brierley Hill.

Stewart Coles, a director in the Commercial Real Estate team at Thursfields, led the team advising JDD on its ten-year lease for the new Brierley Hill premises.

He said: “JDD has grown substantially in the last few years with fast-growing exports across the world. We’re delighted to have been able to help them with legal advice on their latest move and now look forward to watching their ongoing success.”

Mr Mercy, a co-director of JDD, whose head office and design studio is on Carver Street in Birmingham’s Jewellery Quarter, explained that the company specialises in bespoke, high-quality furniture for modern, open plan offices.

One of the firm’s most popular products is bespoke furniture for office “dens”, enabling staff to both relax and work in break-out areas.

He revealed that the company’s multi million pound turnover had increased by nearly 130% in the last financial year, resulting in the need for extra staff in all its teams, from design to upholstery, and from finance to sales.

Mr Mercy said: “Joe and myself have enjoyed establishing a skilled team and have experienced substantial growth in the last few years.

“We have expanded by taking the manufacturing side in-house rather than outsourcing, and the number of employees has rocketed from a handful to what is now more than 50 people.

“We now distribute our products around the world, including as far as Australia, and one of our next steps is looking to establish a manufacturing arm in Australia to save having to ship goods so far.

“We’ve always been really pleased with the swift, accurate and detailed legal advice supplied by Thursfields throughout our expansion in recent years.

“Stewart and his team have always made themselves available at the shortest notice and we find them to be extremely efficient and commercial in their advice.”

Ends (423 words) 

For further information, please contact: 

Dani James, Business Development Manager, Thursfields Solicitors

Email: djames@thursfields.co.uk

Tel: 01905 677066

Or

ASAP PR – 07990 978257.

www.thursfields.co.uk

Twitter – @Thursfields

LinkedIn – www.linkedin.com/company/thursfields

Notes to Editors

Thursfields Solicitors is one of the region’s longest established and reputable law firms, with nearly 130 staff in five offices across Worcestershire and the West Midlands. Thursfields Solicitors provides a full range of legal services to business and the private individual, including property, family, employment and commercial law as well as probate and litigation. The firm has offices in Worcester, Kidderminster, Halesowen, Solihull and Birmingham.

Thursfields sponsors triathlete now ranked No.1 in West Midlands for age group

A talented young Midlands triathlete who is currently ranked number one in the West Midlands for her age group is to be sponsored by Thursfields Solicitors.

Olive Thomas, aged 12, who attends Haybridge High School in Hagley, finished first in the West Midlands Regional Junior Series after coming first in four of the five ranking events, and second in the fifth.

Olive has been part of the West Midlands Tristar 2 Triathlon squad for the last two years, competing in aquathlons, duathlons and triathlons, which combine swimming, running and cycling.

She represented the West Midlands at the National Inter Regional Championships (IRCs) in Sunderland this summer, taking on the best triathletes from across the country as well as athletes from France and the Channel Islands.

Olive finished 15th in Great Britain in her age group as an individual and played a key role in the mixed relay success on day two.

Following the IRCs, Olive won the Regional Junior Series, with a convincing first place in the final race in September at Darley Moor Race Circuit.

Shane Miller, a director at Thursfields and head of Family Law department, said: “What an impressive triathlete Olive has become at the age of only 12.

“We are delighted to be involved in helping to meet her costs and look forward to watching her continued success in years to come.

“Here at Thursfields, we are very much a part of the community that we serve, and this is an exciting sponsorship project for us to get involved with and to put something back.”

Olive regularly has to buy multiple specialist sports items such as swimwear, trainers, carbon race bikes and trisuits. There are also entry fees, travelling and accommodation cost for events around the country, plus club, coaching and medical fees.

Olive’s father, Richard Thomas, said: “We’re incredibly grateful to Thursfields for sponsoring Olive.

“Triathlon can be an expensive sport and as young athletes get older and develop they need more specialist professional equipment.

“Thursfields’ sponsorship could have a huge impact, and we’re so pleased to be involved with a local firm. Who knows – they might even be backing a future Olympian!”

Olive has always been a talented runner, competing at club level with Halesowen Cycling and Athletics Club, county level with Worcestershire, and regional level with the West Midlands.

She swims with Wyre Forest Swimming Club and is a member of Halesowen Tri Club, where she receives her general triathlon coaching.

Olive said: “I love training with Halesowen Tri and I can’t thank the coaches there enough.

“It’s a great group of people with very talented young athletes, and I’ve made lovely friends who all share the same ambition.”

Olive will also be representing her school, Halesowen Athletic and Cycling Club, and Herefordshire and Worcestershire at cross country in a range of races over the winter.

She will then re-join the West Midlands Development Squad in December for their programme of winter training led by specialist British triathlon coaches.

Olive added: “I will be moving up to TriStar 3 where the distances get longer, and I’m looking forward to the challenge.

“The West Midlands coaching team are amazing and working with them over the winter is going to give me every chance of doing well next season.”

Olive still needs more sponsorship and anyone interested can contact Mr Thomas on 01562 882008 or at richard@academicchoice.co.uk.

Ends (562 words)

For further information, please contact:

Dani James, Business Development Manager, Thursfields Solicitors

Email: djames@thursfields.co.uk

Tel: 01905 677066

Or

ASAP PR – 07990 978257.

www.thursfields.co.uk

Twitter – @Thursfields

LinkedIn – www.linkedin.com/company/thursfields

Notes to Editors

Thursfields Solicitors is one of the region’s longest established and reputable law firms, with nearly 130 staff in five offices across Worcestershire and the West Midlands. Thursfields Solicitors provides a full range of legal services to business and the private individual, including property, family, employment and commercial law as well as probate and litigation. The firm has offices in Worcester, Kidderminster, Halesowen, Solihull and Birmingham.

New podcast called Family Law Uncovered launched by Thursfields Solicitors

Leading Midlands law firm Thursfields Solicitors has launched a new podcast series focusing on family law, hosted by its own legal experts.

Family Law Uncovered will be discussing everything from separation to divorce, including subjects such as mediation, family finance and how to do what’s best for any children involved.

Podcast hosts will include Shane Miller, Laura Williams, Hannah Nicholls and Jill Roberts, who are all legal experts in the Family Law department at Thursfields.

As well as talking to each other about family law, the podcast hosts will also regularly invite external guests.

The launch episode is all about the increasing awareness and use of mediation in divorce cases, and is hosted by Ms Nicholls and Ms Williams, who are both trained family law mediators.

The second episode will be exploring the world of family law from the unique perspective of leading barrister and deputy district judge Charmian Jackson, of St Ives Chambers in Birmingham.

Ms Miller, who heads the Family Law department at Thursfields, said: “We are thrilled and excited to be launching Family Law Uncovered.

“The podcast series which will give us a real opportunity to reach out to a wider audience to share our experience in family law and hopefully to help more people who need our legal expertise.

“Here at Thursfields, we understand how difficult relationship breakdowns are and we want to share our knowledge with as wide an audience as possible to help people who need advice.

“All family law solicitors at Thursfields are members of Resolution, the largest organisation for family justice professionals, and we are committed to Resolution’s Code of Practice.

“This promotes a constructive and non-confrontational approach to resolving family issues that considers the needs of the whole family, and Family Law Uncovered will reflect that approach in each episode.

“Family Law Uncovered will be free for anyone to listen to, helping listeners to understand the relevant options available so that they can make a more informed decision on what they want to do when they are considering separation or divorce.”

Thursfields is planning to record and broadcast Family Law Uncovered on a monthly basis and will host the series on its own website at https://thursfields.co.uk/family-law-uncovered.

Each episode of Family Law Uncovered will also appear across all mainstream audio streaming channels such as Spotify, Apple and others.

Ends (386 words)

For further information, please contact: 

Dani James, Business Development Manager, Thursfields Solicitors

Email: djames@thursfields.co.uk

Tel: 01905 677066

Or

ASAP PR – 07990 978257.

www.thursfields.co.uk

Twitter – @Thursfields

LinkedIn – www.linkedin.com/company/thursfields

Notes to Editors

Thursfields Solicitors is one of the region’s longest established and reputable law firms, with nearly 130 staff in five offices across Worcestershire and the West Midlands. Thursfields Solicitors provides a full range of legal services to business and the private individual, including property, family, employment and commercial law as well as probate and litigation. The firm has offices in Worcester, Kidderminster, Halesowen, Solihull and Birmingham.

 

Thursfields welcomes Capital Gains Tax changes to relieve financial pressure on divorcing couples

Changes to Capital Gains Tax that reduce the risk of expensive tax bills for divorcing couples have been welcomed by Thursfields Solicitors.

An expert at the leading Midlands law firm was commenting after news that Capital Gains Tax (CGT) rules for divorcing couples are set to change next year.

Shane Miller, a director and head of the Family Law department at Thursfields, explained that currently, if a couple transfers assets between them any time after the tax year in which they separated, there may be a tax to pay.

She said: “The new rules, which come into force on 6 April 2023, will give couples three tax years from the split to share assets without triggering a tax bill.

“Couples will also be given unlimited time to settle if those assets are part of a formal divorce agreement.

“The rules around property are also changing to allow those who have moved out of a marital home but kept a share in it to be able to claim Private Residence Relief if the property is sold 12 months after the liability is triggered.

“Those who have transferred their interest in the property to their former spouse will be able to apply the same tax treatment to the sale proceeds as applied when they transferred it.

“These are welcome changes, because currently the law does nothing to assist those separating who are already facing horrendous financial bills.

“There’s already enough financial stress and emotional pressure for couples who are splitting up, and on top of that they have the extra strain of having to split finances before the end of the tax year.

“These changes will therefore be a huge relief, especially for couples going through more complicated separations, because it will give them more time to come to an agreement and will reduce the financial cost.”

Anyone seeking advice on finance during a divorce can contact Ms Miller on 0345 20 73 72 8 or by e-mailing smiller@thursfields.co.uk.

Ends (327 words)

For further information, please contact:

Dani James, Business Development Manager, Thursfields Solicitors

Email: djames@thursfields.co.uk

Tel: 01905 677066

Or

ASAP PR – 07990 978257.

www.thursfields.co.uk

Twitter – @Thursfields

LinkedIn – www.linkedin.com/company/thursfields

Notes to Editors

Thursfields Solicitors is one of the region’s longest established and reputable law firms, with nearly 130 staff in five offices across Worcestershire and the West Midlands. Thursfields Solicitors provides a full range of legal services to business and the private individual, including property, family, employment and commercial law as well as probate and litigation. The firm has offices in Worcester, Kidderminster, Halesowen, Solihull and Birmingham.

Thursfields re-accredited with flying colours by The Law Society’s Lexcel quality mark

Top Midlands law firm Thursfields Solicitors has been re-accredited with The Law Society’s Lexcel certificate, underlining its focus on quality client care, compliance and practice management.

Lexcel is the respected legal practice quality mark, also setting the standard across the sector for risk management, HR, financial and information management, and file and case management.

Michelle O’Hara, managing director at Thursfields, said: “Our Lexcel accreditation is important to us as it reflects our colleagues’ commitment to client care and compliance standards.

“This year’s outcome demonstrates the skills and commitment of our colleagues, the strength of our strategy and the fact that we are fully committed to our customers.

“At Thursfields, we offer lawyers the chance to thrive in an environment which offers great quality work alongside a culture centred around belonging, well-being and equity.”

The LEXCEL’s assessment highlighted the firm’s “very effective management structure” and noted: “The directors are open and approachable and lead by example, with excellent team working and people as a result feeling valued.

“Senior management have long been committed to ensuring those with people management responsibilities receive all necessary training, and management development training continues.

“Compliance and risk management are strong and well established … standards of client care remain high, and the firm continues to attract and retain clients.”

Ms O’Hara said: “This kind of feedback both from colleagues and external assessment is what makes running a law practice so worthwhile.

“It was particularly good to hear that our new recruits felt everyone in the firm was welcoming and helpful, making settling in to the firm easy and straightforward.

“To ‘Thrive at Thursfields’ is one of our key goals for colleagues and clients alike.

“We know we cannot afford to be complacent and continue our focus on regional growth, enabling us to offer even more depth and breadth in legal services to our clients.”

Ends (308 words) 

For further information, please contact: 

Dani James, Business Development Manager, Thursfields Solicitors

Email: djames@thursfields.co.uk

Tel: 01905 677066

Or

ASAP PR – 07990 978257.

www.thursfields.co.uk

Twitter – @Thursfields

LinkedIn –  www.linkedin.com/company/thursfields

Notes to Editors

Thursfields Solicitors is one of the region’s longest established and reputable law firms, with nearly 130 staff in five offices across Worcestershire and the West Midlands. Thursfields Solicitors provides a full range of legal services to business and the private individual, including property, family, employment and commercial law as well as probate and litigation. The firm has offices in Worcester, Kidderminster, Halesowen, Solihull and Birmingham.

Importance of resolving divorce finance underlined by appeal court’s decision against aristocrat 

A decision to award maintenance to an aristocrat’s estranged wife after a seven-year legal battle should serve as a warning to divorcing couples, according to Thursfields Solicitors.

Experts at the leading Midlands law firm said the high-profile Villiers v Villiers case underlines the importance of people resolving their marriage finances when applying for a divorce.

The comments come after the Court of Appeal allowed Emma Villiers’ claim for a £10,000 per annum maintenance order, plus an as-yet-undetermined lump sum, from her former husband Charles Villiers, the cousin of Camilla, Duchess of Cornwall.

Shane Miller, director and head of the Family Law Department at Thursfields, explained how the court had heard that Mr Villiers was from a very wealthy background and that his ex-wife alleged he had failed to provide for her and their child.

Ms Miller said: “Mr Villiers had disagreed, claiming the assets were all tied up, and an earlier Family Court hearing had dismissed Mrs Villiers’ case because the divorce had taken place and it would be a huge and disproportionate amount to provide to her.

“But the Appeal Court disagreed and said that her claim should not have been dismissed and that the maintenance should have been an ongoing obligation until a financial hearing or her re-marriage had been determined.

“The details of this specific case are of course complex, but in short it makes clear how the financial obligations between former married partners continues until their financial ties are severed.”

Ms Miller added: “The Appeal Court’s decision should serve as a warning to people to sort out the finances of their marriage when they apply for a divorce and not to leave them, as they will not go away.”

Anyone seeking advice on a divorce can contact Ms Miller on 0345 20 73 72 8 or by e-mailing smiller@thursfields.co.uk.

Ends (303 words) 

For further information, please contact: 

Dani James, Business Development Manager, Thursfields Solicitors

Email: djames@thursfields.co.uk

Tel: 01905 677066

Or

ASAP PR – 07990 978257.

www.thursfields.co.uk

Twitter – @Thursfields

LinkedIn – www.linkedin.com/company/thursfields

Notes to Editors

Thursfields Solicitors is one of the region’s longest established and reputable law firms, with nearly 130 staff in five offices across Worcestershire and the West Midlands. Thursfields Solicitors provides a full range of legal services to business and the private individual, including property, family, employment and commercial law as well as probate and litigation. The firm has offices in Worcester, Kidderminster, Halesowen, Solihull and Birmingham.

Aerial platforms specialist expands into new Black Country warehouse, assisted by Thursfields

The commercial property team at Thursfields Solicitors has advised an aerial working platforms specialist on its expansion into a new warehouse in the Black Country.

Dingli Machinery UK Ltd has moved into the 20,704 sq ft premises at Cygnus Way in West Bromwich, which are just off the A41 Black Country New Road and a short 2.5-miles drive from Junction 1 of the M5.

Dingli is the UK sales arm of the China-based Zhejiang Dingli Machinery Co Ltd, which specialises in industrial aerial platforms such as boom lifts, scissor lifts and vertical mast lifts.

Parmveer Virdee, a solicitor in the Commercial Property department at Thursfields, said: “We were pleased to be able to help Dingli with their acquisition of new premises.

“This was required due to Dingli needing an additional storage and distribution facility because of its continued growth in the aerial working platforms market.

“We dealt with their initial lease of another unit in West Bromwich a couple of years ago and were pleased to have been of assistance again.

“It is always rewarding to see a client expanding its operation due to the success of its business, and we look forward to working closely with Dingli as they continue to grow.”

Andy Northwood, sales manager at Dingli Machinery UK, said: “We urgently needed additional warehouse space to meet the needs of our business as it continues to expand in the UK.

“We’ve always been impressed with Thursfields advice on property transactions and were once again pleased with the service they provided and grateful for their commercially-minded advice throughout.”

The deal was arranged through the Oldbury office of commercial property agents Bulleys.

Ends (273 words)

For further information, please contact:

Dani James, Business Development Manager, Thursfields Solicitors

Email: djames@thursfields.co.uk

Tel: 01905 677066

Or

ASAP PR – 07990 978257

www.thursfields.co.uk

Twitter – @Thursfields

LinkedIn – www.linkedin.com/company/thursfields

Notes to Editors

Thursfields Solicitors is one of the region’s longest established and reputable law firms, with more than 140 staff in five offices across Worcestershire and the West Midlands. Thursfields Solicitors provides a full range of legal services to business and the private individual, including property, family, employment and commercial law as well as probate and litigation. The firm has offices in Worcester, Kidderminster, Halesowen, Solihull and Birmingham.