Head of asset
finance: Jon Kelly
No. of partners
(assistants): 5 (3)
Key lessor
clients: Close Asset Finance Limited, Hermes Group
Limited, Coachlease Plc, Singer & Friedlander Commercial
Finance Limited
Key lease broker
clients: N/A
Key manufacturer
clients: N/A
New clients gained in
2009: Carlyle Finance, RCI Financial Services
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Lester Aldridge is certainly doing the right
business at the right time. Its forte is litigation, fraud and
regulatory work – and unsurprisingly, given the recession, business
is booming. Although its calendar year, as for nearly all English
law firms these days, starts at the end of April, it reported that
new business during the first half of this calendar year rose
year-on-year by 5 percent. Still impressive, despite managing a 10
percent rise in revenue during the whole of 2008.
This growth is courtesy partly of its new
clients – Carlyle Finance (the contact partner at the firm being
new partner Ann Hedges), and RCI Financial Services, the retail
finance lessor – and a host of fraud work (including a fraud on a
fleet of 50 vehicles which is currently the subject of a police
investigation) as well as a jump in the number of administrations
it has handled. Almost all of its work is settled out-of-court,
according to Paula Mason, an asset finance litigation partner at
the firm.
Motor finance represents around 40 percent of
the firm’s work, the rest being small ticket asset finance work.
Ann Lloyd (née Hedges), described as a “key pillar of the team”,
was promoted to partner at the firm in May this year.
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