TLT invests in new City premises

Award-winning, national law firm and UK member firm for European Law Firm, TLT has invested in new office space at a prime location within the heart of the City of London at 20 Gresham Street, EC2.

TLT recently agreed a 10-year lease on 24,557 square foot of office space on the seventh floor of the building, immediately adjacent to the Guildhall conservation area. TLT has secured the space, doubling TLT's capacity in London, at a cost of £41 (circa €49) a square foot and with almost three years rent free.

The investment demonstrates TLT's intention to extend its service offering and further develop its capability in London. TLT's new office is the flagship for the firm's Financial Services practice, which now represents over 35% of the firm's income, and also supports and promotes the firm's offering in other areas including commercial property, social housing, IP litigation and private business.

TLT's Financial Services clients include Allied Irish Bank, Barclays Bank, Bank of India, Bank of Ireland, Nationwide Building Society and Fortis Bank amongst others. TLT has been reappointed to Barclays Bank's litigation and corporate recovery panels and has a 25-year pedigree advising the leading Indian banks on matters including structuring of transactions, subordination and cross-border issues, as well as ship and aviation specific finance. The firm was recently recognised for innovation in the Financial Services sector by the Financial Times' Innovative Lawyer Report 2009.

TLT currently employs approximately 90 staff in London offering expertise in banking litigation, professional negligence litigation, financial services regulation, banking and asset finance, ship finance, corporate recovery and insolvency, social housing and commercial property. To meet client demand the firm expects to recruit new staff at all levels in 2010.

20 Gresham Street offers a brand new, light and spacious open plan environment. The property has achieved a BREEAM 'Excellent' rating against measurable targets in building design, construction and material usage, which is the environmental assessment method for buildings around the world.

Managing Partner David Pester says, "Our work in London continues to grow in specialist areas, particularly Financial Services. We had outgrown our previous office space, and it made financial sense to invest now and take advantage of market conditions. 20 Gresham Street is a great location and space, and provides staff and clients with a superb working environment."

The firm moved its entire London staff, from the historic Sea Containers House building next to the OXO Tower, into 20 Gresham Street at the end of May 2010.