The firm
Bond Pearce LLP is a heavyweight in the South West and South East through its offices in Bristol, Plymouth and Southampton. The Aberdeen office (opened in 2007) represented an interesting development for this expanding firm; it counts more than 50 energy companies as clients. Bond Pearce is also recognised nationally for strength in health and safety and professional negligence, with an enviable client base that includes QBE, AIG and Zurich Professional. The strong corporate team has a number of plc clients who find the firm 'both technically very good and commercially aware'.
The star performers
Aviation; Banking and finance; Commercial litigation; Commercial property; Corporate and commercial; Debt recovery; Education; Employment; Energy; Environment; EU and competition; Health and safety; Insolvency and corporate recovery; Intellectual property; Licensing; Oil and gas; Pensions; Personal injury; Planning; Professional negligence; Property litigation.
The deals
Advised Virgin Vie on MBO from Virgin Group; acting for the shareholders £20m sale of Allen & Heath Holdings Limited to D&M Inc; represented Orecon Limited in £12m private equity investment; advised Barclays on the funding of £50m MBO of the IPL Group; acting for the Ministry of Defence on the Newquay Airport transfer; advised Tullow Oil on £210m sale of its Hewett Bacton interests; advising the University of Southampton on the potential relocation of Lloyd's Register.
The clients
Bristol City Council; Environment Agency; Gala Coral Group; Hilton UK Hotels Limited; HSBC; Hutchison 3G; Kingfisher plc; Marks & Spencer; npower Renewables; Post Office and Royal Mail; Sainsburys.
The money
(from Legal Business magazine)
Turnover in 2008: £48m (+10% from 2007) Profits per equity partner: £231,000 (+54%)
The Lex 100 verdict
If you've got your sights set on a regional firm that's very much a player on the national stage, Bond Pearce could be a top choice. This quietly confident firm advises a range of great clients and has some well-known areas of expertise, notably in the retail, energy and property sectors. A Lex 100 Winner for the overall quality of work, the trainees have plenty of positive feedback. 'The quality of work and the responsibility given to us immediately was very impressive' notes one, another gets a kick out of 'dealing with large national and international companies, whilst being based in the West Country, not to forget the sea view'. Work experiences are diverse, ranging from a high-profile criminal case to 'overseeing and co-ordinating completion on a multi-jurisdictional banking deal'. Client secondments are also available. As last year, the main annoyance concerns the spread of offices making socialising with other trainees difficult and hindering general communication. That said, one trainee comments that 'most of the gripes that trainees had on my joining are being addressed in a positive way. In fact, that's another strength: trainees' views are listened to and valued and a regular forum is held for this specific purpose'. Several trainees would like to see the firm raising its profile ('doesn't have the reputation it deserves'; 'doesn't shout about itself nearly enough'), but the softly, softly approach seems to be serving Bond Pearce well. A great choice for those seeking a firm with regional market leadership, an ambitious strategic plan and quality work to boot.