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FAIRWAY BUSINESS UPDATE 2012/13

Posted on 29th November 2013

Fairway provides independent advice, associated with avoidance, management and resolution of international construction and engineering disputes.

The reputation for excellence, which Fairway has developed, owes a great deal to the quality and knowledge of the teams based in the United Kingdom and Germany. The quantum, planning and project management experts and consultants are drawn from consultancy, client and contractor backgrounds.

During the 2012/13 financial year, Fairway’s turnover was in the region of £10.2million. Approximately 50% of Fairway’s commissions required international visits to clients and lawyers, often to attend court hearings and give expert evidence. These visits took members of the team as far afield as Australia, Canada, South Africa, Dubai, India and the Far East, as well as a number of European countries. Much of Fairway’s business continues to be generated through repeat appointments (50%) and recommendations from clients and lawyers (30%).

60% of Fairway’s commissions were for the provision of expert advisory and witness services. The remainder of the services being commissioned were for contract administration, project audit and claim preparation & defence. The commissions were in the following industry sectors:


  30%   

 Building Projects 

25%

 Infrastructure Projects (Rail, Roads and Airports)

40%

 Power, Process, Oil and Gas Projects

5%

 Marine Projects


 

Richard Bryer, Fairway’s Managing Director commented:

“During our 2012/13 financial year, our overall turnover was very similar to the previous two  years, but with underlying growth in both our UK and German offices. We anticipate that the UK dispute market will continue to be robust, and expect an increase in demand for our services from international clients, whose projects are located in all the main continents.

When I look back over the last few years, a period of undoubtedly challenging times for the construction and engineering market, I feel immensely proud of the commitment and consistent high quality work our team has maintained. With an eye to the future we will continue to invest in the skills and talents of our team, as well as continuing to make a number of strategic recruitments in order to supplement and strengthen our service offering. 

We are also extremely grateful to the support that our clients provide us with and that they continue to entrust us to advise them in resolving what can often be complex and challenging disputes.”

 

Chris Tuckwell, Director of Fairway GmbH in Germany also commented:

“In Germany, Fairway’s clients are predominantly continental European companies who work on industrial, power and infrastructure projects located elsewhere in the world. Over the past few years, we have built a team in Fairway GmbH who have a great deal of experience particularly in these sectors. We have developed long-term partnerships with our clients in the region and we continue to enjoy very high levels of repeat business.

Whilst we have traditionally worked almost exclusively on long-term, client-based contract and claims management assignments, our work has recently seen a shift towards the expert witness and claim consultancy work that is the core work of our UK business. I can see the reasons and benefits for the shift towards this approach, which is why we are supporting the growth in this part of our business here in Germany.”

 

Fairway is a group company of Gardiner & Theobald LLP. 10% of group turnover was generated by Fairway during the 12/13 financial year. To download a copy of Gardiner & Theobald LLP’s 2012/13 Annual Review, please click here.