The firm
One of the largest firms in the region (offices in Maidstone and Crawley), asb law advises both corporate and private clients in the South East and far beyond. The firm has an interesting niche as one of the leading providers of legal services to the travel industry, as witnessed by the aviation team advising on complex, cross-border matters involving Russia, India and the Middle East. Clients say the firm exhibits 'good industry knowledge, particularly in travel and insurance'.
The star performers
Aviation; Banking and finance; Charities; Commercial litigation; Commercial property; Corporate and commercial; Crime; Employment; Family; Insolvency and corporate recovery; Intellectual property; Local government; Personal Injury; Personal tax, trusts and probate.
The deals
Acted for TUI Travel on £120m acquisition of LateRooms.com; acted for management team of DVC Sales Ltd in £30m secondary MBO to ISIS Equity Partners; instructed regarding detention and repossession of a Boeing 747; continues to act for London Borough of Wandsworth on a major redevelopment matter; provides employment, property and pensions advice to the Brain Injury Rehabilitation Trust and Prospect Housing.
The clients
Allianz Cornhill; Clydesdale; Cobra Holdings plc; CBI; easyJet; HBOS; HSBC; James Villa Holidays; Lloyds TSB; Mott Macdonald; Smith & Williamson; Svenska Handelsbanken; TUI Travel plc.
The money
(from Legal Business magazine)
Turnover in 2008: £17.9m (+5% from 2007) Profits per equity partner: £253,000 (+5%)
The Lex 100 verdict
asb law continues to be a popular choice with those wanting to avoid the London rat race but not at the cost of quality work. The philosophy here seems to be that if you prove yourself, you'll be trusted with your own workload, whether it be 'preparing for a hearing by myself in my second month' or negotiating settlements for clients with serious injuries. Plus the early responsibility doesn't equal staying in the office till all hours - for the third year running the firm is a Lex 100 Winner for manageable stress levels, as well as scoring well in the work/life balance category. As one current trainee comments 'I was at Allen & Overy for two years and I know my hours are a lot shorter and I have good client contact and am responsible for my own files and workload, and have been from the beginning'. Trainees report that morale has dipped somewhat with the closure of the Brighton and Horsham offices and, as last year, moving between the two remaining Maidstone and Crawley offices isn't to all tastes. The main bone of contention seems to be the lack of car parking spaces for trainees, whilst others would like more of a social life, hence the poor score in this category. However, if you can put up with public transport or parking elsewhere, asb has much to commend it. A great choice for those seeking a breadth of commercial and private client work (not forgetting its specialism in the aviation and travel industries), with plenty of responsibility and client contact.