Press Releases

Shoosmiths has advised developer Vita Group on acquiring land to bring forward its debut House of Social student scheme on Manchester’s First Street.The law firm acted on the acquisition of plot 10 from Ask Real Estate. This follows Vita’s successful planning application to develop its House of Social residence at the site. The land deal paves the way for the development to begin, with the House of Social scheme set to feature 576 student beds over 14-storeys ...

Experts in Shoosmiths’ pensions and banking teams have provided advice on one of the largest pensions deals done in the market.UK subsidiary of SEI, SEI Investments Europe, entered into a deal to buy XPS Pensions (Nexus) Limited - the principal employer and scheme funder of the NPT master trust - from its parent company, XPS Pensions Group in a £42.5m deal ...

Law firm Shoosmiths has advised on the initial public offering (IPO) of Tan Delta Systems plc (Tan Delta) whose shares were admitted to trading on AIM on 18 August with a market capitalisation of £19 million.The IPO attracted strong support from high quality institutional shareholders, with Tan Delta raising approximately £6 million of new money via an oversubscribed placing led by Zeus Capital as nominated adviser and sole broker ...

The Junior Privacy Advisers’ Club (theJPA.club), a unique community aiming to bring together and develop the UK’s aspiring privacy professionals, has now launched.The Junior Privacy Advisers’ Club (theJPA.club), resourced by law firm Shoosmiths’ Privacy and Data team, is the first dedicated group of its kind ...

Law firm Shoosmiths has advised AK Retail on the acquisition of plus-size clothing brand Evans from Australian retailer City Chic in an £8m deal.Yours Clothing, owned by AK Retail Holdings Limited (which also owns M&Co, Long Tall Sally, BadRhino and  Pixiegirl), has acquired the Evans brand, intellectual property, and customer base through the agreement. The asset purchase of the 93 year old Evans brand is expected to create up to 100 jobs in the future ...

Shoosmiths has advised Third Space on its acquisition of three new locations in London.The law firm’s real estate team acted for the luxury health and fitness club operator on its plans to open clubs in Clapham Junction, Richmond and at The Whiteley in West London ...

Shoosmiths has partnered with The Legal 500 as exclusive expert contributing editors and authors across two of their latest Country Comparative guides. These global guides provide detailed information and insight into practice-area-focused laws and regulations in various jurisdictions.As contributing editor, the Q&A template for each chapter in the 2023 TMT Guide has been written by partner and head of Shoosmiths’ technology sector Joe Stephenson ...

The corporate restructuring and advisory team at law firm Shoosmiths has been appointed by the administration of budget home and gardens retail chain group, Wilko Limited, Wilkinson Hardware Stores Limited and Wilko.com (together "wilko").Administrators at PwC, Jane Steer, Zelf Hussain and Eddie Williams, called up experts at the firm to act following the failure of the retail giant to secure a rescue deal ...

Earlier this month Pitchbook released their 2023 Sustainable Investment Survey. The survey includes data trends and nuanced industry views on impact investing and ESG frameworks, posing questions about how we can balance investing for profit and investing for purpose.Partners from Shoosmiths’ banking and finance and private equity teams share their views on the survey’s results and provide insight from their respective markets with regards to ESG ...

Law firm Shoosmiths has made strides towards its ambitious environmental goals, with the announcement that the firm’s near and long-term science-based emissions reduction targets have been validated by the Science Based Targets initiative (SBTi).The SBTi is a global body enabling businesses to set ambitious emissions reduction targets in line with the latest climate science ...

Shoosmiths’ real estate team has advised Bruntwood on a major new letting at its West Gate development in Leeds.The office letting - one of the city’s largest in 2023 – sees HM Courts and Tribunal Service (HMCTS) take more than 26,000 sq ft of space at West Gate, located next to Leeds’ civic and financial districts ...

Law firm Shoosmiths has advised the shareholders of Operatix, Ltd. and Operatix, Inc. (together, ‘Operatix’) on their sale of Operatix to US-based memoryBlue, a sales development consulting firm that specialises in helping technology companies accelerate new business growth.The strategic merger unifies two market leaders in the outsourced sales development industry in order to provide a global solution to customers ...

Shoosmiths’ corporate restructuring and advisory (CR&A) team has advised Endless LLP’s Enact Fund III on the acquisition of the business and assets of Accrofab Ltd and the Alcester site of Bromford Industries Ltd.Accrofab and Bromford Industries, which were established nearly 75 years ago and offer precision engineer fabricated components for the aerospace and power generation sector, operate out of sites in Derby and Alcester ...

LAW firm Shoosmiths has announced significant enhancements and updates to its family-friendly policies, strengthening the firm’s overall people proposition.The firm is enhancing its co-parent leave package, where those eligible will be able to take up to 12 weeks of co-parent leave at full pay, a gender-neutral replacement for the firm’s previous paternity leave of two weeks with full pay ...

Law firm Shoosmiths has achieved another record financial year in FY22-23, despite challenging macro-economic conditions, delivering a revenue increase of 7% to £194.1m.Net profit increased by more than 3% year-on-year to £62.7m, and the firm sustained a strong PEP of £676,000 (marginally up on last year’s £675,000) ...

Shoosmiths has been named as Union Investment’s new English asset management advisers.The appointment will see the law firm advise on asset management matters across the investor’s English real estate portfolio – comprising a number of prime office and hotel assets focused within London, Birmingham and Manchester. The Hamburg-headquartered investment manager has a total of €56 ...

Despite further tightening in the lending market and wider economy, Shoosmiths’ real estate investment group concluded c.£200m worth of deals in Q2 2023.The quarter saw the law firm’s investment specialists act on transactions in the office, industrial and logistics sectors, as well as the mixed-use Royal Albert Dock development. Shoosmiths started the quarter by advising Telereal Trillium on its purchase of Wessex Trade Centre ...

Shoosmiths has advised Workspace Group PLC on the latest sale from the portfolio of assets it acquired as part of the purchase of McKay Securities.The law firm’s real estate investment group assisted Workspace on the £82m deal that sees it complete the sale of five non-core properties in the south east of England - comprising light industrial and logistics properties in Bracknell, Crawley, Poyle, Theale and Weybridge ...

Shoosmiths has been appointed to Avant Homes’ Scottish legal panel.The appointment sees the law firm extend its relationship with the UK housebuilder after securing a place on Avant’s England and Wales legal panel in 2021. Avant’s Scottish panel covers a range of real estate matters, with Shoosmiths advising on all aspects of residential development including strategic land acquisition, affordable housing and plot sales ...

Law firm Shoosmiths has worked alongside German-based firm Heuking Kühn Lüer Wojtek to advise client DMB Dr. Dieter Murmann Beteiligungsgesellschaft mbH (DMB), Kiel, on an agreement with Raytheon Technologies Corporation, Waltham / Massachusetts (USA) to acquire all shares in Kiel- based Raytheon Anschütz GmbH (in the future: Anschütz GmbH), its foreign subsidiaries and branches in Panama, Brazil, Singapore, and China, as well as Raytheon Deutschland GmbH’s UK business ...

Law firm Shoosmiths has transferred its Wealth Protection team and members of its Disputed Wills & Trusts and Court of Protection teams to Rothley Law following a strategic review.The 41-strong team joining Rothley includes three former Shoosmiths partners Adam Draper, Melissa Maple and Lucy Taylor, and Legal Director Charlotte Dunn ...

Law firm Shoosmiths has super-charged its energy & infrastructure team with the addition of two new London-based partners.Chris Pritchett, who previously led the energy practice at Foot Anstey, and Levent Gurdenli, who was a partner at Weightmans, have joined the multi-disciplinary practice ...

One of the leading residential conveyancing practices in England and Wales has today (Monday 5 June 2023) revealed a new identity and vision for the future.Shoosmiths’ 110-strong national conveyancing team will now operate as Swiitch, in a move which its head partner, Suman Dally, describes as “doubling down on the human, personal aspect of conveyancing, but with the technology and expertise to help home buyers and sellers navigate even the most complex residential transactions ...

Law firm Shoosmiths has unveiled a new branding approach that supports its strategy to deepen client relationships through excellence, consistency and focus.Identifying that it needs different brands to attract and retain the different types of clients it serves, Shoosmiths has introduced a ‘house of brands’ strategy. This involves refreshing the Shoosmiths brand and introducing two new brands ...

Two new partners have joined Shoosmiths’ real estate practice.In Manchester, the law firm has recruited residential development specialist, Peter Marsden.  Marsden joins as real estate partner, bringing extensive experience working as an in-house lawyer at PLC housebuilder, Taylor Wimpey, and Harrow Estates – part of Redrow ...