We are very sorry to announce that Leonard Ross passed away on Thursday 5 September 2013.
Leonard joined Teacher Stern as a consultant in 2005 following many successful years in his well known practice of Ross and Craig.
Leonard was a delightful person to work with and he will be sorely missed by all the partners and staff of the firm.
Teacher Stern LLP is pleased to announce that it has recently acted for Metroline Limited (a wholly owned subsidiary of ComfortDelGro Corporation), on the exchange of contracts for the acquisition of bus routes operated from five separate bus depots in West London from First Group plc for £57.5 million and is currently working towards to the completion of the transaction.
The team from Teacher Stern LLP, led by partners David Salisbury, Oliver Azurri and Kelly Whitfield, completed an extensive due diligence exercise before advising Metroline Limited on the corporate, commercial, employment, tax and property elements of the acquisition.
The business that will be acquired under the transaction comprises 31 routes utilising 494 buses operating from five West London garages - Alperton, Greenford, Hayes, Uxbridge and Willesden Junction. Completion of the transaction is set for June 2013, following which the newly acquired bus routes will operate under the Metroline brand.
The transaction is subject to regulatory approval and Teacher Stern LLP is working closely with First Group plc’s lawyers to obtain the necessary consents from Transport for London.
Kelly Whitfield said “It is an exciting time for this client, building on their existing presence in the London bus market. The Teacher Stern property, corporate, employment and tax departments all worked very hard on getting to exchange and it was because of this team effort that we managed to exchange contracts within the necessary timeframe and are now focusing on getting the relevant consents and approvals in place, ready for completion. We very much look forward to working with this interesting and exciting client both in the run up to completion and in the very future as it continues its expansion within the UK."
Teacher Stern are delighted to announce that Butcher Burns LLP will be joining us on 1st May 2013. The combined practice will be operating under the Teacher Stern LLP name and will continue to be based at the Bedford Row offices.
Managing partner, David Salisbury, is very excited by the prospect of expanding the breadth and depth of service currently provided to clients. “ We have identified a number of client synergies and common strengths and there is a cross over in a number of practice areas, particularly in property and litigation. With 14 fee earners joining us, we feel the combined firm will be better positioned to respond to our clients’ needs and provide a broader platform of services.”
The excellent reputation of both firms together with strong management and experienced lawyers will support continuous improvement.
Teacher Stern are pleased to announce that we have been accredited to the Law Society’s Conveyancing Quality Scheme (CQS) which is a new quality scheme for solicitors who deal with buying and selling property. As a member of the CQS, this means we meet the high standards the Law Society sets to ensure that we give clients a professional and quality conveyancing service.
Lex 100, the student guide to the UK’s premier law firms, have awarded Teacher Stern Lex Medals in two categories, namely Client contact and Job satisfaction.
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Martine Nathan provides an update on the recent changes to The Privacy and Electronic Communications (EC Directive) Regulations
Download: The Privacy and Electronic Communications (EC Directive) (Amendment) Regulations 2011
Laura Bushaway a Solicitor in our Dispute Resolution department provides a summary of the Tenancy Deposit Schemes
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James Baker provides an update to the recent changes to Employment payment amounts
Download: Changes to Employment payment amounts and limits in 2012