The firm
Geldards has a popular commercial property practice, and this has inevitably been hit by market conditions. However, it also has an impressive media department, and strength-in-depth in public sector work, a fact that was rewarded by the Welsh Assembly Government (WAG) appointing it to all five of its panels last year. This provides work across a range of specialisms, including corporate finance, property, employment and planning. Other strengths range from a leading charities practice to expertise in tax and trusts. It is an impressive heavyweight firm in Wales and beyond.
The star performers
Banking and finance; Charities and not-for-profit; Commercial litigation; Commercial property; Corporate and commercial; Corporate tax; Crime, fraud and licensing; Employment; Information technology; Intellectual property; Media and entertainment; Pensions; Personal tax, trusts and probate; Planning and environment; Property litigation; Public sector.
The deals
Advising Celsa on its multimillion-pound acquisition of three steel reinforcement producers; acting for the Welsh Ministers to recover grant funding of over £600,000 from Dairygold Food Products (UK) Ltd; advising on the new £23m Parc y Scarlets stadium; continuing to act for WAG on the RAF St Athan site; advising on controversial planning issues in South Wales, including the Llanishen Water housing scheme.
The clients
Atlantic Properties; Hoover Ltd;Cardiff University; National Library of Wales;Celsa UK; Persimmon;Coed Darcy Urban Village; S4C;Finsbury Food Group plc; Somer Housing Group.
The money
(from Legal Business magazine)
Turnover in 2008: £25m (+4% from 2007) Profits per equity partner: £280,000 (+43%)
The Lex 100 verdict
Geldards has an 'excellent reputation' in Wales and 'to a lesser extent throughout the UK'. It offers trainees a broad range of practice areas and a good mix of commercial and public sector work. Trainees are largely happy with their firm and the training they receive. 'My training contract compares favourably with those of my peers; the calibre of work I'm exposed to is certainly higher and I feel interested and challenged'. Most trainees believe they have more responsibility than others, but two commented that peers in smaller firms have greater responsibility, 'if not always such good supervision'. Trainees here are also happy with their 'friendly, approachable colleagues' and the good work/life balance, and there is even praise for the salary. They feel there is good recognition for work well done and are pleased to be included in all firm activities such as marketing events. On the downside, there are the odd complaints about a lack of communication between the Cardiff and East Midlands offices and trainees would like more opportunities to socialise together and more organised sporting events. Overall, Geldards offers a good variety of high-quality work. It is a 'professional firm with prestigious clients' and trainees feel they learn a lot without compromising on a life outside the office.