Lawrence Stephens Solicitors has become the latest professional organisation to become an associate member of the Association of Short Term Lenders (ASTL).

Lawrence Stephens is a law firm with a focus on providing specialist real estate and secured lending advice, amongst other areas of specialism, which include corporate and commercial, banking and commercial litigation.

The firm already works on short term lending transactions with members of the ASTL and has been endorsed by the executive committee and members.

It becomes the latest associate member to join the ASTL, which has declared its objective of increasing its membership and influence this year.

Gregory Palos, head of secured lending at Lawrence Stephens Solicitors, said: “Short-term lending is such an important area of the property market and a sector that we believe will continue to grow. So, joining the ASTL as an associate member was a natural choice for Lawrence Stephens Solicitors, as we increase our connections and reputation in this area of market.”

Vic Jannels (pictured), CEO of the ASTL, added: “For an organisation like the ASTL, associate members enable us to achieve the diversity we need to stay at the forefront of promoting and protecting the interests of our members and the bridging sector.

“Lawrence Stephens Solicitors has been endorsed by both our members and our executive committee and we are pleased to welcome them on board.

“The bridging market is at an important crossroads as it continues to grow its influence and attract increased scrutiny from the regulator. We believe that the ASTL is best placed to represent the interests of the industry at this crucial time and welcome new members that share our values of raising standards and increasing transparency and professionalism.”