Bristol-headquartered law firm VWV has secured a seven-figure finance facility from HSBC UK to support its ongoing growth strategy and ensure it is well-placed to adapt to the changing economy.
The facility gives VWV, which moved its full banking to HSBC earlier this year, the financial headroom and the flexibility to make funding decisions, including on potential acquisitions as well as strategic hires. 
It will also enable VWV to quickly adapt to changes in the economy triggered by the coronavirus pandemic, including ensuring all staff have top-of-the-range IT equipment to make the new working from home culture as streamlined as possible.
This investment echoes the results of a wider industry survey conducted by HSBC in partnership with Briefing that found 77% of firms identified It for home working as their number one tech investment priority.
Its financial director Patrick Firebrace 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.”
HSBC UK head of corporate banking in Bristol, Gloucestershire and Wiltshire, James Shepherd, 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.”
HSBC UK head of professional services sector Chloe Clift said the VWV transaction continued to demonstrate the bank’s commitment to the professional services sector and its ability to support firms with their transactional banking, while bolstering their balance sheets to ensure the firms were able to capitalise on growth opportunities when they arise.”
VWV employs more than 430 staff across its offices in Bristol, London, Watford and Birmingham.
