Nabarro LLP

  • Overview

THE SCOOP

Nabarro's award-winning rebranding in 2007 made "clarity matters" the firm's new slogan and a user-friendly legal practice its modus operandi.  One of the leading firms for real estate matters, Nabarro has a broad-based practice that targets clients across a range of industries.  The firm currently ranks 22nd in Legal Week's list of the top 50 UK law firms by turnover, having seen revenue grow by an impressive 15.4 per cent in 2008.

Hot property

Nabarro is best known for its property work, and thanks to the size and depth of its institutional client base managed to make it through 2008 with fewer real estate market worries than most.  Nabarro's commercial real estate group counts six of the top 10 real estate companies in the UK among its regular clients, with Quintain Estates & Development, SEGRO, Hammerson, Liberty International, Land Estates and British Land all firmly on its roster.  For Land Securities alone, the firm closed £1 billion worth of deals in 2008.  Nabarro also advises a number of FTSE 250 real estate companies, including Warner Estates and Great Portland Estates.

The real estate team has received a number of significant instructions in recent months.  In February 2009, for example, Nabarro advised London & Stamford Property on its joint venture with British Land, which involved the £587.7 million sale of British Land's stake in Meadowhall Shopping Centre, Sheffield.  Two months later, the firm acted for AFIAA, the Swiss Foundation for International Real Estate Investments, in its first acquisition of property in the UK when it purchased the long leasehold interest in Garrard House, London.

Go green

In other recent real estate developments, the firm has teamed up with Eversheds and Pinsent Masons to provide legal advice to the Better Buildings Partnership on the development of a "green lease" toolkit, a framework for landlords and tenants to make their commercial properties more environmentally friendly.

Nabarro also consolidated its environmental and regulatory capability in May 2008 with the launch of a new climate change group.  The group consists of 20 partners and 23 associates who together cover energy, property development, planning, construction, litigation and fund management.  Energy, water and waste regulation advice are also addressed by the new group.  Among the firm's energy clients are the Coal Authority and UK Coal, Britain's biggest producer of coal.

Nabarro added to its real estate strength in 2009 with the high-profile hire of Dechert's head of real estate, Ciaran Carvalho.  The move came despite Nabarro beginning redundancy consultations with its real estate and commercial groups in November 2008.  When redundancy talks ended in March 2009, Nabarro confirmed it would be laying off 22 people across its London and Sheffield offices.

Nabarro international

Nabarro's network of offices is relatively small for a large firm, with its only international base located in Brussels.  However, the firm has a number of alliances with European firms that provide it with good access to foreign clients.  While the majority of its alliances are on an informal basis, the firm established formal ties with French firm August & Debouzy and German firm Gassner Stockmann & Kollegen in 2002.  In 2008, Nabarro added new firms to its friends network, this time in Spain and Italy, when Spain's Rodés & Sala Abogados and Italy's Nunziante Magrone joined the firm's list of preferred firms.  In July 2009, Rodés & Sala Abogados merged with another Spanish firm, Gomez-Acebo & Pombo; Nabarro hopes to continue working with the Rodés & Sala lawyers at Gomez-Acebo on a nonexclusive basis.
Conflict avoidance

Nabarro has been devoting significant energies to its corporate capabilities.  This has been particularly true on the AIM front, where Nabarro has made considerable headway in recent years, and in corporate matters in the property, projects, alternative energy and health care sectors.  The firm counts a number of key names among its corporate clients, including Land Securities, Laing O'Rourke and Euromoney Institutional Investor.  In 2009, Nabarro acted for financial advisor Numis Securities on the rights issue and placing of insurance organisation, Beazley Group.  The rights issue raised £150 million of expenses.  Nabarro also landed a key role as advisor to Yoplait in its £63.5 million buyout of joint venture partner Dairy Crest.  

On the contentious side, Nabarro is exploring ways to trim costs for clients.  In spring 2009, the firm launched a conflict-avoidance audit service together with Sperry Marine, the UK subsidiary of defence contractor Northrop Grumman.  Maybe less litigation and smaller legal bills will help avoid situations like the one the firm currently finds itself in with respect to former client Uno Group.  In April 2009, Nabarro filed a claim in High Court against the retail office designer in an effort to recover more than £50,000 in unpaid legal fees.

Try to impress in three minutes or less

Preparing the way for its up-and-coming talent, Nabarro signed an agreement with Kaplan Law School in February 2009, which will see all of its London trainees taking the LPC at Kaplan, where, alongside the core LPC subjects, they will receive tailor-made Nabarro training.  

Nabarro has a proven track record in recruitment matters, and in June 2008 won LawCareers.Net's Training & Recruitment Award as the "Best Recruiter" in the large city firm category.  It has also been recognised as running the "Best Undergraduate Internship/Vacation Programme" at the TARGETjobs National Graduate Recruitment Awards 2009, for the third consecutive year, against stiff competition from the likes of Allen & Overy, Accenture, Deutsche Bank and Lovells.  As an example of the firm's efforts to stand out among students, Nabarro recently debuted a networking exercise modelled on a speed-dating event for the firm's vacation scheme applicants.  Apparently, the timed meet-and-greet sessions were such a success that the firm plans to build further networking training and opportunities into the summer scheme.




Nabarro LLP


Lacon House
84 Theobald's Road
London WC1X 8RW
Phone: +44 (0)20 7524 6000
www.nabarro.com

STATS


  • Employer Type: Private
  • Managing partner: Nicole Paradise
  • Total No. Attorneys 2009: 450

Major Office Locations

  • Brussels, Belgium
  • London, United Kingdom
  • Sheffield , United Kingdom

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