Birmingham law firm Wragge & Co has won AIM-listed Harvard International as a new client.
The Colmore-Row based firm will advise the £77 million turnover company which supplies consumer electronic products.
Wragge & Co will advise Harvard International, which operates the Goodmans and Grundig brands, on a range of matters - from IP issues to corporate deals.
Managing partner Ian Metcalfe led a cross-firm team on the appointment with the assistance of corporate partners Dominic Roberts and Julian Henwood and IP partner Michael Luckman.
Mr Metcalfe said: “Our technical expertise and instant rapport with the client were key to this appointment. It’s an exciting time to be working with Harvard International. Its focus is on specialist electrical products such as TV set-top boxes so the digital switchover presents significant opportunities. It needs cost-effective and pragmatic legal advice and with our strong track record of advising major corporates, it’s what we are well placed to provide.”
The Harvard Group is the UK’s leading supplier of set-top boxes to the retail consumer market. It also offers a range of iPhone, iPod and iPad accessories under the iLuv brand.
Group chairman Bridget Blow said: “We were highly impressed by the team’s specialist know-how, innovative ideas and commercial approach when we ran through real-life scenarios at the pitch stage. We look forward to working in close partnership with them.”
The appointment is the latest in a line of panel wins for the firm which earlier this year became one of three appointed on to Premier Foods’ first formal roster of external legal advisers alongside Slaughter and May and Eversheds. Premier Foods is the UK’s largest food producer and owns leading brands such as Hovis, Mr Kipling, Branston and Bisto.
The firm has also won spots on water and sewage regulator Ofwat’s first external legal panel and the panel of a consortium of London and Kent local authorities.
Wragge & Co, which has 117 equity partners and 489 lawyers operating from six offices, saw its turnover shrink eight per cent to £96.2 million, in the past year. Profit per equity partner (PEP) – the figure used by lawyers as a measure of success – was down by 12 per cent to £260,000.
But the firm, whose major corporate clients include BP and United Biscuits, said it was investing for expansion.
The last year saw the company put money into the opening of the new 10-partner Paris office on April 1, and the expansion of the offering in Munich with its first overseas partner promotion in Alexander Bayer.
Three new partners joined from other firms. Wragge & Co added to its City-based corporate practice with a new private equity partner– David Marshall from Travers Smith, Bevan Brittan LLP senior litigation partner Tom Ellis, and HBJ Gateley Wareing partner Vicki Conway who moved to Wragge & Co to head the Birmingham arm of its national corporate recovery practice.
In Chambers latest annual FTSE survey, the firm was ranked equal ninth in a list of legal advisers acting for FTSE 100 companies.