Jim Tully Partner
Jim joined Slater Heelis in April 2019 and is a corporate partner based in Manchester. With over 25 years’ experience, Jim has broad corporate, transactional…
Jim joined Slater Heelis in April 2019 and is a corporate partner based in Manchester. With over 25 years’ experience, Jim has broad corporate, transactional and commercial experience which he employs to make a difference to the full range of businesses, focusing in particular on family owned business, entrepreneurs, OMBs and management teams
Jim joined the firm from the Co-op. Having acted for the group during the 2008/9 £1.6 billion acquisition of Somerfield, Jim became AG’s Co-op client partner and he was then seconded over during the Co-op’s troubles in early 2014. Jim joined the Co-op as Director of Legal and General Counsel Retail from 1st January 2015. In his five years there, Jim was heavily involved in the rescue of the now independent Co-operative Bank, the complete rewrite of the Co-op’s governance structure, the expansion of its wholesale business and setting up its new franchise business, and successful mediations and litigation in the Court of Appeal and the Supreme Court. He was both principal and also the main lawyer on numerous transactions – including the £143m acquisition of Nisa from its 1190 members, the £620m sale of its pharmacy business, the £249m sale of its farms business, and many smaller acquisitions and disposals. Jim also had a commercial role as a member of the executive leadership team for the £10bn Food business that (uniquely, save for the discounters, in a very competitive and changing market) delivered 5 years’ continuous like for like profitable growth.
Prior to his time with the Co-op, Jim spent 15 years at Addleshaw Goddard where he led hundreds of transactions, acting mainly for private equity houses, entrepreneurs, management teams and family-owned and owner managed businesses. He led the team which built a market-leading private equity practice in the North West, which came to act for 9 out of 10 of the private equity houses then in the market.