Howes Percival invests in bigger offices for growing Cambridge team
Law firm Howes Percival has opened a new, larger office in Cambridge – just over a year after moving into the UK technology heartland.
The move to the new office in Terrington House in Hills Road follows the acquisition of part of Taylor Vinters’ real estate team last November and a period of sustained growth triggered by a high level of new instructions.
The Cambridge team now numbers 24 and the new office will provide double the floorspace to allow for further expansion.
The acquisition of the Taylor Vinters’ team, which included the partners Steven Beach, Michaela Henson, Simon Murphy and Amy Richardson, along with five associates and solicitors and four other members of staff, saw the property team become one of the strongest in Cambridge overnight.
Earlier this year Howes Percival also launched a corporate services team in Cambridge led by partner Adam Kudryl which handles corporate instructions, banking, litigation, insolvency and employment law.
The team says it has seen a rapid increase in new instructions including clients looking to buy or sell businesses or take on new investors. As a result, Howes Percival is looking to appoint another senior corporate lawyer in the next few weeks.
On the banking side, the team says it is seeing a growing number of instructions for refinancing and new investment and is acting for both lenders and borrowers, as well as a number of high street banks.
The team has been involved in a range of instructions, largely Loan Market Association grade lending, including one deal for a European Investment Fund worth over £25 million.
Jonathan Greenhalgh, commercial property partner and joint head of the Cambridge office said: “I think the Taylor Vinters deal really made people sit up and look at what we are building in Cambridge.
“The team have been fantastic since they came over and the market knows we have one of the strongest property teams in the region, never mind just Cambridge.
“Just 18 months ago there were only a couple of us sat in a Regus office with a fairly blank sheet of paper. Now this is our third office and we have a team of 24. There is real momentum here.”
In the last 18 months, Howes Percival has also invested in new offices in Milton Keynes and Norwich, in addition to Cambridge. In September the Northampton team will also move to new premises.