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Seven-figure funding package boost helps law firm plot expansion plan.

SPEKE-BASED law firm Forster Dean is to embark on a multimillion pound expansion plan, after securing funding from the Royal Bank of Scotland (RBS).

It is opening new offices in Rochdale and Stockport within the first quarter of 2010, and has plans to open up to 10 more sites across England and Wales over the next two years.

To support the firm's plans, the RBS Business & Commercial banking team in Liverpool provided a sevenfigure funding package.

The firm is run from its head office on Liverpool International Business Park, near John Lennon Airport, and has a network of 15 offices across the North-West.In 2007, it was the subject of a management buyout led by Chief Executive Officer Gregory Shields and is now a top 200 law firm with a pounds 7.2m turnover.

Mr Shields said: "The forthcoming expansion is part of our ultimate goal, which is to create a leading high street law firm with a national presence.

"Our model is based upon providing clients with an excellent service that produces quick results for them at the most competitive price. We will substantially grow the firm during the next few years."

Jeff Cummins, Relationship Manager at RBS, added: "They are well positioned to roll out their operating model across more locations in the North-West and beyond."

CAPTION(S):

Partnership: Jeff Cummins, from RBS, with Forster Dean chief executive, Gregory Shields

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Publication:Daily Post (Liverpool, England)
Date:Jan 14, 2010
Words:232
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