Shoosmiths national asset finance practice wins top Asset Finance award

Shoosmiths national asset finance practice wins top Asset Finance award


Author: Kara Shadbolt

National law firm Shoosmiths is celebrating after winning the coveted Asset Finance Legal Provider of the Year award at the prestigious international Leasing Life Awards.

Leasing Life Awards 2014
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Leasing Life Awards

Shoosmiths partner and national head of Asset Finance, Melanie Chell, and financial services partner Stephen Dawson flew to Warsaw, Poland, to collect the accolade at the Intercontinental Hotel on 27 November.

An independent panel of judges assessed Shoosmiths' national asset finance practice on factors including: team expertise; visibility and influence in the marketplace; versatility; both in terms of types of work undertaken (litigation, transactional etc) and sectors worked in (fleet, equipment, large ticket, SME, motor etc); volume and complexity of work undertaken and notable successes achieved on behalf of clients.

Shoosmiths asset finance clients include Hitachi Rail, Stagecoach Group, BNP Paribas and ABN AMRO.

On the recoveries side, the firm has heavily invested in state-of-the-art technological recoveries processes and the team has recovered more than four million pounds for clients in the last 12 months.

On the lending side, one of this year's most notable asset finance projects nationwide has been for Hitachi Rail, where Shoosmiths was the main legal advisor Hitatchi on the Intercity Express replacement Project relating to the trains and depots for the East Coast Main Line. The project is a PFI project and has a total reported value in excess of £7billion. This is a long running deal and in July 2012 Shoosmiths completed the first part of the transaction (which relates to the trains and depots for the Great Western Main Line - reported value c £4.5billion).

Melanie Chell said: 'It is an honour to have won this prestigious award from Leasing Life. We always work hard to ensure the client is at the heart of everything we do at Shoosmiths, and it is a terrific reflection of the range of high profile asset finance work we handle here.'

Clients say of the team: 'Shoosmiths always act quickly and commercially obtaining injunctions and using the civil litigation process to obtain excellent results. We find them tenacious and user friendly. A winning combination.'

Shoosmiths asset finance team advises industry leading clients on the full range of asset finance transactions, from small to medium ticket hire purchase transactions and vehicle leasing through to big ticket rail and aircraft operating lease structures and recoveries.