Business Digest; Edge Ellison Puts the Emphasise on Finance
Birmingham-based legal firm Edge Ellison is creating a finance law department.
The new practice brings specialists from a variety of different disciplines into a single unit providing national and international clients with advice and legal support.
The department's specialist areas include banking, treasury products, asset-based lending, capital markets, compliance, insolvency, composite recovery, finance litigation and debt recovery.
The new division reflects the continued expansion of the London office, which has doubled in size over the last 12 months.
New IT challenges
Mr Michael Arnold, a partner at law firm Eversheds is the only Birmingham lawyer to appear in a survey of the leading information technology and Year 2000 legal eagles in the UK.
Compiled by electronic publishing company Mondaq, the survey reflects the views of users, regulatory bodies and providers of legal services, each of whom was asked for their recommendations on experts in the field.
Of the 43 named in the UK, only four worked outside London.
Mr Arnold said: "IT law is set to change enormously as new types of industry are created by the Internet and, therefore, new legal challenges and complexities arise."
Masterminding Bronx deal
A team of Black Country advisers helped a Lye engineering company forge a management buyout that has secured jobs.
Solicitors Waldrons and accountants Clement Keys masterminded the deal for the newly formed Bronx Manufacturing and its 75-strong workforce in Dudley Road.
Bronx, which makes all types of mechanical equipment, was formed after parent company Bronx Engineering agreed to sell its manufacturing operations to the buyout team headed by Mr Tim Brown.
Tax deadline looms
Taxpayers could be facing severe penalties if they do not tell the Inland Revenue of new sources of income, says Grant Thornton. …