Penningtons Manches LLP’s recent workload includes high-profile venture capital and spin-out transactions. Technology and life sciences expert Will Axtell assisted Evox Therapeutics and Vaccitech with their spin-outs from the University of Oxford, which included advising on establishing the companies and handling a £10m investment in each from Oxford Sciences Innovation. Other work highlights saw David Tighe assist with Evotec’s £55.7m acquisition of Cyprotex and Justin Starling advise King’s College London on an investment from Abingworth in GammaDelta Therapeutics, an immunotherapy company founded on research from the university along with that of Cancer Research Technology and The Francis Crick Institute. Chris Shelley, who heads the commercial practice outside London, ‘provides excellent input’ and recently advised on a range of niche commercial contracts for the firm’s new client WideCells Group, which included agreements with cord blood banks for the provision of stem cell processing and storage. Rob Hayes ‘provides excellent and timely advice’ and recently promoted partner James Went ‘understands the practical implications of transactions’.
Penningtons Manches LLP is ‘particularly strong in biotech and technology, which is a real differentiator in the market’, says one client. The team is ‘punctual, responsive, committed, focused and commercial in its approach, always providing a depth of technical expertise’. ‘Professional, yet approachable’ corporate partner Ross McNaughton ‘provides fantastic client service’. Senior associate Rachel Bradley is recommended for commercial IP and life sciences matters.
The Legal 500 - 2017 edition
Chris Shelley of Penningtons Manches LLP advises on licensing agreements of the treatment of IP rights in corporate transactions. Interviewees say: ‘He is a very good technical lawyer who also has very good commercial awareness.’
Chambers UK - 2018 edition
The patent practitioners at transactional titan Penningtons Manches deploy their keen commercial instincts and deep sectoral knowledge to superb effect. The South East is their natural stomping ground, thanks to offices in London, Basingstoke, Cambridge, Guildford, Oxford and Reading; but their patrons hail from all corners of the world.
IAM Patent 1000 – The World’s Leading Patent Practitioners 2016
This 'formidable player in licensing' is number one choice for licensors and licensees in the innovative high-technology industries of the Thames Valley region; clients originate from both public and private sectors.
IAM Strategy 250 – The World’s Leading IP Strategist
Evotec has, for more than 15 years, had excellent contact with what I consider to be the leading law firm in Oxford and the Thames Valley. Their lawyers all have top experience and deliver really excellent services - at rates which are not as high as London City hourly rates.
Christian von Spiegel, Senior vice president legal, Evotec AG
The team pulled out all the stops in an often complex negotiation, working to tight timescales with key participants located in UK, USA and Australia. We are delighted with the successful outcome.
Steve Ruston, CEO, Prolysis (now Promic)
We appointed them as our lawyers and have been very pleased with the responsiveness and commercial attitude of the team.
Chas Taylor, CEO, Veryan Medical
Throughout the transaction process, we were able to rely on timely and effective guidance from the Penningtons Manches team and would like to thank them for their support on this important strategic milestone for our business.
Cepta Kelly, Legal director, Rayner Group
The quality of advice, the service and the commitment that we received from the firm was just superb.
Mike Adlam, Chief executive officer, Particle Therapeutics
The lawyers we have worked with have expertise in the various intellectual property, regulatory and technical issues that we face on a daily basis. They are responsive and deliver advice in a succinct, precise and refreshingly straight-forward manner.
Frida Grundberg, Senior counsel, UCB Celltech
You’re very easy to get on with – very personable. [Working with you] is a very collaborative experience.
Zoe Evans, Ex-general counsel and company secretary, EUSA Pharma
I deal with a lot of lawyers of different persuasions but I can honestly say that the two of you are by far the best I have worked with. Your professionalism, knowledge and legal acumen has been outstanding. [You are] tenacious and loyal and not afraid of a fight, but with an understanding of the landscape that we found ourselves in. I am glad you guys are on my side.
Stephen Carter, CEO, SUDA