The New Practice (TNP)

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The ‘responsive and proactive’ team at The New Practice (TNP) advises clients on a broad spectrum of transactional matters. Baba Alokolaro stands out as 'a consummate professional’; Bukola Bankole’s practice includes corporate finance, M&A and private equity work. Sam Esuga brings experience in project finance and tax issues.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Baba Alokolaro is a stand-out! He is a consummate professional and distinguishes himself by the quality of discourse with our board.’
  • ‘Bukola and Baba each distinguish themselves through their agility, personalisation, and future-ready approach.’
  • ‘The firm is collaborative and so team members are always on top of client matters. It is professional in its approach and anticipatory of our demands. The New Practice is nimble, responsive, proactive and displays a deep knowledge of the subject matter.’
  • ‘TNP brings a fresh approach that aligns with the unique demands of contemporary businesses and investors in Nigeria, particularly from a venture capital perspective.’
  • ‘TNP has established a forward-thinking focus on servicing start-ups and, innovators, catering to the unique needs of young businesses.’

Key clients

  • MFS Africa Limited
  • Microsoft Nigeria Limited
  • Flour Mills of Nigeria Plc
  • Nigerian Bottling Company
  • Capricorn Digital Limited
  • VFD Group
  • Paystack Payments Limited
  • Pagatech Limited
  • Nature’s Bounty Health Products Limited

Work highlights

  • Advised Flour Mills Group on a Scheme of Merger involving 13 different entities.
  • Advised Microsoft Group on the internal reorganisation of its Nigerian entities.
  • Advised Capricorn Digital Limited on the proposed acquisition of a Micro-Finance Bank.

Lawyers

Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Baba Alokolaro
Managing Partner
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Bukola Bankole
Partner

Practice head

The lawyer(s) leading their teams.

Baba Alokolaro, Bukola Bankole

Other key lawyers

Sam Esuga, Temitope Sowunmi