The firm
Forsters continues to go from strength to strength, recently taking on much of Withers' agriculture and estates practice and maintaining a strong brand for commercial property work. The private client practice is one of the best, while the corporate team completed 28 deals in 2008, predominantly in the £1m-£12m range and often for cash-rich entrepreneurs. In a recent coup Forsters was appointed as legal adviser to the National Theatre in relation to its master plan for the development of the NT site over the next four years.
The star performers
Charities and not-for-profit; Commercial property; Construction; Contentious trusts; Development; Heritage property; Investment; Leasehold enfranchisement; Leisure; Personal tax, trusts and probate; Planning; Property finance; Property litigation.
The deals
Advising Menta Developments on £500m mixed-use scheme in Croydon; acts for PCP Capital Partners, which arranged the £200m sale of Manchester City FC to Abu Dhabi United; House of Lords Les Aggio and Sportelli cases; acted for clients of Invista Real Estate Management on £37.5m sale of portfolio of retail parks; acted for Clerical Medical on £50m property transfer.
The clients
AIB Group (UK) plc; The Cricket Foundation; The Crown Estate; The Goldsmith's Company; Lloyds TSB; Minerva; Northcare; The Percassi Group; Realis Estates; The Trehaven Group.
The money
(from Legal Business magazine)
Turnover in 2008: £23.6m (+9% from 2007) Profits per equity partner: £438,000 (-16%)
Highly commended Private Client team of the year, achieving a 26% rise in revenue growth.
The Lex 100 verdict
As last year, Forsters is a Lex 100 Winner for both friendliness and work/life balance, but this year adds living up to expectations, client contact and vacation scheme (jointly top-scoring firm), a highly impressive tally. Trainees here paint an extremely positive picture and are really struggling to find anything negative (how bad can it be when one trainee says the worst thing here is 'the tradition that everyone brings in cakes and sweets on their birthday - impossible to resist!'). So what's the secret? Building on a great vac scheme where colleagues are found to be 'incredibly welcoming', the firm fields friendly interviewers ('deal was sealed when I met the people that work here') and then doesn't disappoint on arrival. A great choice for those with a penchant for either commercial property or private client, Forsters is a genuine alternative to the City - 'you work reasonable hours, you're in Mayfair and you work in a beautiful listed building with a friendly bunch of like-minded people, what more could you want?!' Trainees say that compared to peers they are getting 'far more responsibility, even than those who are already qualified', with 'high-quality challenging work', and good levels of client contact and file responsibility 'from an early stage'. Trainees are quick to point out that responsibility doesn't mean soaring blood pressure - 'you aren't abandoned; we get a great deal of patient supervision. I'm constantly impressed at how far partners go to give explanation as well as direction'. Work highlights range from numerous completions to 'advocacy in family and property litigation' or 'working on a large fraud trial at the High Court'. Social life isn't bad either with colleagues 'great fun to go to the pub with'. Bottom line: if you get an offer, snap it up.