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David Smith

Work 020 7216 5572
Druces LLP

Work Department

Corporate and Commercial department.


Partner in the Corporate and Commercial department, with over 35 years’ experience of advising entrepreneurial growing companies, both public and private.  His practice focuses on capital markets and a combination of capital raising and mergers and acquisitions, often with a cross-border element.

David has been actively involved in AIM since its inception in 1995, and has acted as company secretary to a number of listed and AIM companies. While David represents clients across a range of industries, his practice has some emphasis on the life sciences and natural resources sectors; to that end, he has lectured and written on the application of royalty financing securitization structures in the pharmaceutical industry. He also has a growing renewable energy and cleantech practice.


Joined Druces LLP in January 2016 having previously been a partner in the London office of an international law firm.


Enjoys playing the piano as an accompanist for local choirs. David also supports his local football team, Wycombe Wanderers, where he is a director of the club’s fan-owned holding company Wycombe Wanderers Supporters Group Limited.

London: Corporate and commercial

M&A: smaller deals up to £50m

Within: M&A: smaller deals up to £50m

Healthcare is a sector strength for the team at Druces LLP, which is led by Toby Stroh; in a recent highlight, he and Christopher Axford (who also specialises in shari’ah-compliant transactions) acted for the Montreux Healthcare Fund on its acquisition of Active Assistance (UK) Group, and Axford also advised part of Pickstock Group on the sale of a residential nursing home to Guide Total Care Group. In the biotech sphere, David Smith and David Bennett acted for Summit Therapeutics on the acquisition of an antibiotic discovery and development platform. Other sectors in which the team has been active include manufacturing, hotels and leisure, pensions and technology; the latter is a particular area of growth for the practice. The team has an established client base of institutional fund and listed companies, as well as private companies and investors, including Exclusive Care Group, Emerald Fund of Funds, Napier Capital Partners and Dentons Pension Management.

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Legal Developments by:
Druces LLP

  • New revised guidelines for administrators in pre-pack sales

    Pre-pack sales by administrators are now used frequently enough for most people in business to be aware of them and many have come across them in their business lives. A small amount of controversy still attaches to pre-packs, but it is probably right to say that they are now an accepted part of the UK business scene as a useful means of rescuing a business in difficulty and preserving some or all of the jobs connected with the business.
    - Druces

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