The firm
Local government is an area of strength for Trowers & Hamlins LLP, and the firm is widely recognised for its unique social housing expertise, for which it secures some of the top mandates. It also draws admiring glances for its extensive network of Middle Eastern offices, from which it advises on major power projects and M&A in particular.
The star performers
Administrative and public law; Agriculture and estates; Charities and not-for-profit; Commercial property; Construction; Employment; Healthcare; Islamic finance; Local government; M&A: lower mid market, £50m-£250m; Personal tax, trusts and probate; Private Finance Initiative (PFI); Project finance; Social housing.
The deals
Advised Gatehouse on commodity murabahas for UK property acquisitions worth over £100m; advised QIB (UK) plc on a tawarruq facility for a site purchase; represented Arabian Sugar Company on a $63m istisna'a and ijara to develop a refinery; represented The Crown Estate Commissioners in the proposed sale of four residential housing estates comprising 1,200 tenancies.
The clients
Arcapita; The Cambian Group; Dar Capital; Dover District Council; Kuwait Finance House; London Borough of Newham; the National Society for Epilepsy; West Ham FC; 220 local authorities.
The money
(from Legal Business magazine)
Turnover in 2010: £89.4m (0% from 2009) Profits per equity partner: £515,000 (+8%)
The Verdict
Offering 'more varied' work than many firms of comparable size, Trowers & Hamlin is popular with some candidates due to its presence in the Middle East whilst others are attracted by the range of departments. Unlike other firms where seats abroad are usually very competitive there is a 'high chance' of doing a seat in one of the firm's offices in Bahrain, Oman, Abu Dhabi or Dubai which makes for an 'amazing' experience. The firm is well regarded for its public sector work and the social housing, local communities and governance practices draw many, however one trainee says that there is a 'good balance' between the private and public sector work. The 'welcoming' atmosphere and 'friendly' staff make trainees feel 'at home' very quickly and the firm scores well for its vacation scheme. Measuring up well to the competition, there is a 'good' level of supervision and you can expect to be given 'quite a lot of responsibility'. The offices could do with a bit of sprucing up as they are 'a bit tired' and some trainees feel that there can be a 'lack of firm-wide communication' and others would prefer a bit more drafting and a bit less 'research and bundling' in the litigation seat. On the plus side, you could find yourself 'able to see the sea from your desk whilst working in Muscat' as a few months in the Gulf are almost a given. So if the combination of travelling to the Middle East and 'working with the market leaders in public sector law' appeals then check out Trowers.