BLP announces strong financial results for 2014/15

International law firm Berwin Leighton Paisner (BLP) has today (19 May 2015) announced further improved financial results for 2014/15. Turnover increased 6% to £259m. Profit per equity partner (PEP) increased by 22% to £659k. In addition, the firm ended the financial year with no bank debt and positive cash balances of £12m.

The key growth areas have been the Real Estate Sector, Litigation and Dispute Resolution, of which Commercial Dispute Resolution saw a significant rise, and Finance. The Corporate Finance team has also benefitted from recent deal activity and continues to perform well. The firm has continued to grow its international client base and the arrival of Bob Charlton as Head of Asia as well as the hire of nine lawyers in Hong Kong positions the Asian offices strongly for the year ahead. Despite a challenging geopolitical climate in Russia, Goltsblat BLP (GBLP) has also maintained growth and generated profit.

Lisa Mayhew, Managing Partner, BLP, said: “We have completed another impressive year and to increase our business by six per cent establishes a strong foundation for the future. Growth in Real Estate and Infrastructure sector work, our contentious businesses and transactional work are the bedrocks to this success, but overall our great financial performance is the result of ensuring that our clients are at the heart of everything we do. We continue to listen to our clients so that we remain focused on providing a high quality service leveraging off our abilities to work differently using our Manchester office and other enterprise businesses to meet our clients’ needs now and in the future.”

At the end of April LOD (Lawyers On Demand), a BLP group company and the original flexible legal service provider, announced a 42 per cent annual growth with a turnover of £12m. Tom Hartley joined in March as a Managing Director to boost the further growth of the business. Additionally, BLP’s Manchester office goes from strength to strength with high utilisation levels and a broad range of service offerings.

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BLP Highlights of the FY 14/15 include:

Real Estate & Infrastructure Sector:

  • Securing development consent for the Thames Tideway Tunnel, one of the UK’s biggest infrastructure projects
  • Recently advising London Legacy Development Corporation on one of the highest profile Private Residential Sector deals to date at the Queen Elizabeth Olympic Park, and working with the HCA on the implementation of the Government’s £1bn build to rent investment programme
  • Advised on the sale of Nido London S.à r.l.’s luxury student housing portfolio to Greystar Real Estate Partners for £600m


  • Pursuing one of England’s largest cartel damages claims for National Grid and settling the case before trial was due to start

Corporate Finance:

  • Acting for Haversham Holdings on the £1.2bn takeover of BCA
  • Acting for Stenham Property on the sale of interests in properties with a value of approximately €667m to Stenprop Limited
  • Advising Secure Income REIT Plc (SIR) on its admission to AIM


  • Advising the Amber Consortium on the closing of three £100m+ privately financed batches of schools pursuant to the Aggregator vehicle platform
  • Advising Angel Trains on its £210m rolling stock financing for the leasing of a fleet of new trains


  • The legal services delivery team in Manchester has high utilisation levels and provides an increasingly broad range of service offerings.
    • Due to demand, headcount in Manchester is due significantly increase in 2015/16
  • This year LOD, a BLP group company, has seen 42 per cent annual growth with a turnover of £12m
    • 700% revenue growth over the last five years
    • New services using our On Call lawyers being welcomed by clients, representing 50%+ of this year’s growth
    • 19 of LOD’s top 20 clients from last year worked with us again this year
    • Worked with 14 law firms, almost double from last year

2014/15 Lateral Hires:

  • Nicola Hopkins (Investment Management)
  • Bob Charlton (Head of Asia)
  • Scott Antel (Real Estate)
  • Daniyal Ansari (Real Estate Finance)
  • Martin Sandler (Litigation and Dispute Resolution)

2014/15 Partner promotions:

  • Dylan Mackenzie (Corporate)
  • Marc Trottier (Corporate)
  • Usman Wahid (Corporate)
  • Matvey Kaploukhiy (Corporate)
  • Chris Rowe (Real Estate)
  • Oran Gelb (LDR)
  • Tariq Rasheed (Finance)
  • Justin Sun (Finance)
  • Additionally, Elizabeth Bradley was promoted to Practice Group Head of Corporate Tax


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