VWV (formerly known as Veale Wasborough Vizards) is a long-established national law firm with diversified practice areas and a market leading reputation, with offices across Bristol, London, Watford and Birmingham. The firm needed to ensure that it had the right financial measures in place to continue with its ambitious growth plans. The finance facility from HSBC UK allows the firm to make funding decisions on investments and potential acquisitions as well as strategic hires.
The new funding facility will allow VWV to adapt to changes in the economy during the pandemic. It will also be used to ensure all staff are equipped with top of the range IT equipment to make the new working from home culture as streamlined as possible. The desire to work from home efficiently is echoed by the wider industry as a recent HSBC survey, in partnership with Briefing, found that 77 per cent of respondents identified this area as the number one tech investment priority.
Patrick Firebrace, Financial Director, VWV, said: “Whilst there are lots of challenges in the current economy, we can see opportunities for growth and innovation. Our new partnership with HSBC UK will provide us with room to capitalise and seek out new opportunities. We are very pleased to be working with such a great team at HSBC UK. Our Relationship Director, David Skyrme, and his team clearly understand our business requirements and the challenges in the current economy.”
James Shepherd, Head of Corporate Banking in Bristol, Gloucestershire and Wiltshire, HSBC UK, added: “We’re pleased to be working with VWV. It has been a pleasure to be able to take the successful law firm forward into its next phase of growth in the short term and we look forward to working with the fantastic team at VWV in the future.”
Chloe Clift, Head of Professional Services Sector at HSBC UK, added: “I was delighted when VWV agreed to transition their full banking to HSBC earlier this year and I am very pleased we have been able to act quickly, and further cement the relationship by providing additional financing during Covid-19.”