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DLA Piper UK LLP

PRINCES EXCHANGE, PRINCES SQUARE, LEEDS, LS1 4BY, ENGLAND
Tel:
Work 02073 490 296
Fax:
Fax 0113 369 2949
DX:
12017 LEEDS
Email:
Web:
www.dlapiper.com

Sarah Day

Tel:
Work +44 (0)113 369 2104
Email:
DLA Piper LLP (US)

Work Department

Finance.

Position

Sarah Day is Head of Finance & Markets in the UK for DLA Piper. Finance lawyer with 25 years' experience, Sarah's stated career aim is, "to make a difference", whether that is getting a local or cross border transaction done quickly, finding an innovative solution to an issue, developing a new product, or training best in class lawyers. Highly experienced in Debt Finance, Sarah is also a leading lawyer in Asset Based Lending, a market she has been at the forefront of developing as it has moved from bilateral to syndicated, receivables to all assets and domestic to international over the past two decades.

Career

Trained Hammond Suddards; qualified 1992; assistant with Hammond Suddards from 1992 (spent last seat as a trainee with the unit) based first in Leeds then in Manchester from June 1996 and re-established the banking team; joined Dibb Lupton Alsop (now DLA) as partner 1998; location head for finance team in Yorkshire 2000 to 2010; DLA Piper international board 2010 to 2013; managing partner for DLA Piper Leeds 2013 to 2017.

Languages

French, German.

Education

New College, Oxford (1988 BA Hons Modern Languages – French and German); College of Law, Chester (1990 LLB (First class Hons)).

Leisure

Church warden for local parish, travel (India a particular favourite at the moment), dogs, and good books.


London: Finance

Asset based lending

Within: Asset based lending

Aided by a broad national network, the 'responsive and pro-active' team at DLA Piper is deeply entrenched into the ABL ecosystem as a result of the strong ties it has forged with the ABL arms of clearing banks and alternative credit providers, who are increasingly active in the space. The recent retirement of Simon Boon and the departure of Lorinda Peasland to Harneys was offset somewhat by the arrival of Steven Geerlings from Eversheds Sutherland (International) LLP in September 2017, who has a focus on pan-European ABL mandates. The 'knowledgeable and commercial' Joseph Frew and Sarah Day co-head the team from Manchester and Leeds respectively and are both active across the gamut of ABL transactions including as they relate to the funding of working capital, refinancing and acquisition finance. Frew recently acted for Searchlight Capital Partners and Duke Street Private Equity portfolio company Ardent Hire Solutions on the refinancing of the company's existing indebtedness (a deal which effectively showcased the use of ABL financing techniques for large plant hire businesses). Birmingham-based partner Stephen Bottley and senior associate Ben Tumelty are 'technically very strong but also highly personable' and regularly handle ABL transactions as part of their broad-ranging banking practices. The 'pragmatic and customer oriented' Richard Usher also has expertise at ABL techniques at the nexus of structured finance, while Manchester-based Christopher Roberts  and Ben Johnson  regularly handle ABL work in the context of restructuring and litigation, respectively. Clients include ABN Amro Commercial Finance, Lloyds, RBS Invoice Finance and Shawbrook Bank Business Credit.

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Yorkshire and the Humber: Finance

Banking and finance

Within: Leading individuals

Sarah Day - DLA Piper UK LLP

Within: Banking and finance

DLA Piper UK LLP is ‘a top-tier firm’ that is ‘very commercially aware and able to provide advice at a business level and not purely on technical legal points’.  Kirstie Allerton leads the practice and specialises in real estate finance work with notable expertise in the hotel, industrial and student sectors. Clients also praise the ‘incredibly knowledgeable’ Sarah Day and the ‘technically excellent’ Anna Robson, who are experienced in debt finance and asset-based lending; Day recently advised Nisa on its refinancing with Wells Fargo and HSBC, and assisted RBS, Bank of America Merrill Lynch, Barclays, HSBC and Wells Fargo as funders with the provision of a debt facility to Speedy Hire. Project finance and legal director Laura Gordon worked with energy expert Natasha Luther-Jones to act for Mitsubishi UFG Financial Group on the financing of a windfarm project by Nanclach in Scotland. Aviva, Sun Capital, Henry Boot, Emerald Publishing and Town Centre Securities are also clients.

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Legal Developments by:
DLA Piper LLP (US)

  • Sentencing guidelines for corporate manslaughter

    In February 2010 the Sentencing Guidelines Council (the SGC) issued definitive guidelines to courts on imposing appropriate sentences for corporate manslaughter and health and safety offences causing death. The SGC states that fines imposed on companies found guilty of corporate manslaughter should not fall below £500,000, while fines in respect of health and safety offences that are a significant cause of death should be at least £100,000. Crucially, the SGC declined to provide for a fixed link between the imposed fine and the turnover or profitability of the offending company.

    - DLA Piper UK LLP

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