The firm
Thomas Eggar is one of the largest firms in the South East. September 2008 saw the opening of a Southampton office and the firm now operates across the region in Chichester, Gatwick, London, Newbury and Worthing. In the private client arena for sheer size and scope of practice, it would be hard to beat the team here, whilst the corporate finance practice is establishing itself as one of the leading advisers in the South on the back of some high-profile deals. Clients say the firm provides 'good value for money and advice that cuts to the chase'.
The star performers
Agriculture and estates; Aviation; Charities; Commercial litigation; Corporate and commercial; Education; Health and safety; Insolvency and corporate recovery; Intellectual property; Pensions; Personal Injury (claimant); Personal tax, trusts and probate; Planning; Rail.
The deals
Acted for the shareholders of Evans Cycles on an equity injection by Active Partners Equity and subsequent refinancing; advised the management team of Communisis on a £12.5m MBO; acted for Acuity Capital on the acquisition of one of the UK's leading ice cream suppliers; advised Avialec International on £3m sale; advised BP Travel Marketing Services on the acquisition of Ocean Park Ltd.
The clients
AXA Sun Life; Gloucester RFC; Grant Thornton; HBOS; HSBC; Rolls Royce; RBS; Southern Water plc; Tesco; University College London; Valassis.
The money
(from Legal Business magazine)
Turnover in 2008: £35.6m (+19% from 2007) Profits per equity partner: £294,000 (-12%)
The Lex 100 verdict
If you want a South East firm that can offer good commercial experience, an outstanding reputation for private client work and a well-respected training package, Thomas Eggar is a strong contender. 'I knew I'd get a much better exposure to work in a medium-sized firm, as well as a better work/life balance outside the City, and Thomas Eggar had a great network of offices and a very diverse client base, so it seemed to make good sense', sums up one trainee. The firm is known for the quality of training on offer, with several trainees mentioning its 'outstanding' regional reputation. Recent developments in Newbury (the firm took over the Newbury arm of Penningtons) and Southampton (latest office to open) all point towards a firm in growth mode. That said, the spread of offices isn't universally popular. Some trainees dislike 'having to move offices for each seat', whilst other find 'communication not as good as it could be' as well as being a hindrance to all trainees socialising together. Generally though trainees comment on the 'excellent' variety of work and good exposure to clients, 'to the point someone said they would remember me and how I supported them for the rest of their lives'. The majority report very positive experiences with their supervisors and colleagues, but apparently the attitude of 'some people' to trainees - 'as if we are inferior to them' - is an irritant. For most, however, this 'extremely friendly' firm represents a very credible alternative to the City and rewards them with 'great quality work and a lot of trust with clients, which firms of a similar standard do not necessarily offer'.