News and Press
TLT moves into new City premises

From 24th May 2010, all of TLT's London-based staff will move from Sea Container's House to the firm's brand new, light and spacious, open-plan office premises at 20 Gresham Street, EC2, in the heart of the City.

Due to the move, all of TLT's London telephone numbers will change. The London switchboard can be contacted on 020 3465 4000. Email addresses remain the same.

The move will enable TLT to double its capacity in London, whilst reducing its cost-base in the capital. TLT has agreed a 10-year lease on 24,557 square foot of office space on the seventh floor of the building, which is immediately adjacent to the Guildhall conservation area, at a cost of £41 a square foot and with almost three years rent free.

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.

The investment demonstrates TLT's intention to extend its service offering and further develop its capability in London. TLT's new office will be the flagship for the firm's Financial Services practice, which now represents over 35% of the firm's income, and will also support and promote 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, a large 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.

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

20 Gresham Street is 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.