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Clarion expands specialist ABL team


Our corporate recovery and insolvency team is continuing to grow with the appointment of Russell Stevens as legal assistant in the practice’s specialist banking and finance team.

Russell’s experience includes working in Saudi Arabia and London in a variety of roles for over 10 years before returning to Leeds in 2000 where he has specialised in banking (non-contentious), corporate finance transactional business and corporate recovery/insolvency.

Russell is also acknowledged for his legal work in the invoice discounting, factoring and asset based lending (ABL) market. His expertise includes acting on a regular basis for factors and discounters who provide funding to assist in management buy outs, business acquisitions and restructuring deals; acting on a number of administrations for insolvency practitioners who have been appointed by ABLs in disposals and recovery of monies due to ABLs; conducting new business contract reviews for ABLs; carrying out security reviews; and dealing with all aspects of corporate lending and recovery for banks and ABLs.

In his new role, Russell will work within both Clarion’s corporate recovery and its corporate/banking teams. He will act for ABLs, banks, insolvency practitioners, UK corporates and private individuals on new lend/business, variations to existing facilities, enforcement of security together with security reviews, and bad book/insolvency situations.

“Russell’s appointment will help us to meet growing demand from the market for the specialist services of our five-strong banking and finance team led by me, partner Jonathan Simms and senior associate Marie Pugh,” explains partner Ryan Millmore.

“With our strong track record acting for banks and invoice discounting organisations, Clarion has become one of the foremost providers of legal services to the ABL sector in the North of England and this latest appointment further strengthens our offering.”

Russell comments: “It was a very easy decision to join Clarion due to its highly regarded corporate recovery team plus the growing ABL side of the practice. I believe the firm has one of the strongest banking and finance teams in the region and my experience will be of benefit to clients, adding to the depth of the team. I also wanted to join a firm which was able to offer a full range of services to businesses including property, employment, tax and other corporate advice.”

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Picture shows (L to R): Russell Stevens with the rest of Clarion’s ABL team comprising Ryan Millmore, Marie Pugh, Maxine Burton and Jonathan Simms

For further information please contact:
Susan Reid at Appeal PR on 01423 569 999 or email susan@appealpr.com