North West law firm Bermans is building on its record year last year with fee income totalling £1,331,221 for Q1 of this financial year, a 13% increase compared to last year.
The corporate team led by Jon Davage in Manchester has had a particularly busy start with the team advising on 11 transactions made up of 3 acquisitions, 5 disposals, 2 reorganisations and 1 private equity deal.
Law firm Bermans has announced a record turnover for the financial year 2014/2015 with turnover topping £5m – a 7 per cent increase on last year.
Bermans, which has offices in Liverpool and Manchester, has launched private client and commercial departments as well as growing its employment team during the period.
North West law firm Bermans has added commercial as a new practice area to further expand its operation.
The department will be headed up Chris McDonough who has joined Bermans from Hill Dickinson as a partner in the Liverpool office where he will oversee the development of the commercial services offering. He will cover a wide range of company and commercial work including commercial contracts, intellectual property contracts, joint ventures, partnerships and limited liability partnerships.
Hong Kong-based property development company G-Suite Holdings has acquired properties in Liverpool and Manchester as part of a £250m regeneration project.
G-Suite which also has an office in Manchester, recently acquired properties at 2 Moorfields and 35/37 Dale Street in Liverpool city centre and two properties in Middleton, Manchester. Both buildings in Liverpool will be extensively renovated in a £20m project to convert the properties into boutique apartments to then be sold to overseas investors.
There are many successful family businesses in the Merseyside region that have adapted to an ever changing world and continue to thrive under family ownership.
But are family businesses in danger of dying out? Previously, being born into a family business meant some or all of the children would become involved so that when older generations retired, there would be a ready-made team to take over the reins.
North West law firm Bermans says it experienced considerable growth in 2014.
The firm which has offices in Liverpool and Manchester provides a full range of commercial services as well a market leading national asset finance and invoice finance offering, secured significant new client wins as well as taking on new staff and adding new practice areas.
North West law firm Bermans has secured authorisation for its operations from the Financial Conduct Authority (FCA), one of the first law firms to do so in the UK.
Any business offering financial services or advice is regulated by the FCA, formerly the Financial Services Authority (FSA).
Partner and head of litigation Nick Harvey explains:
Bridging finance was once perceived as a ‘last resort’ lending option but it has been key to the recent renaissance of the North West property market.
Fergal O’Cleirigh, head of property at North West Law firm Bermans explains: