Penningtons Manches LLP's banking team is 'very responsive and practical in its approach'. Rich Eldridge heads the team and is noted for 'combining intellectual ability with commercial awareness'. Also recommended are Helen Drayton, who is 'a pleasure to deal with - very thorough, offering practical and relevant advice'; and the 'very proactive' John Chater.
[Property finance] Sarah Coates, who is a specialist in real estate finance, is also highly recommended.
The Legal 500 - 2019 edition
Experienced in advising lenders and borrowers on a variety of financing work. Particularly active in the real estate and healthcare sectors, in which it has gained a number of new clients, including Boys & Girls Nursery and M&P Developments.
Strengths: Sources describe the team as ‘exceptionally commercial, very prompt, efficient and flexible in terms of negotiation.’
Richard Eldridge wins praise for being ‘very knowledgeable’ and ‘is very highly regarded for his ability to get things done quickly and pragmatically.’ He acts for both lenders and borrowers on a range of matters, recently advising Industrial Chemicals on the financing by Lloyds Bank of the acquisition of a combined heat and power plant.
Chambers UK - 2018 edition