Wed, 08 Jan 2025 | BUSINESS SALE
Manchester law firm Fletchers Group said it's ready for more M&A after buying North West peer Scott Rees & Co Solicitors.
The deal will see 97 fee earners and support staff from Scott Rees & Co's personal injury and clinical negligence teams transfer to Fletchers once the deal completes at the end of this February.
Based in Newton-le-Willows, Cheshire, Scott Rees & Co was founded in 1992 and specialises in employers' liability, public liability, fatal accident claims and clinical negligence.
Scott Rees & Co's Managing Partner, Royston Smith, will stay with the firm to support the business through the transition. Fletchers' Charlene Mann will then take over the reins and lead the Scott Rees & Co business through the integration period, which is expected to last until this summer.
The team will continue to operate from the office near Haydock Park Racecourse, and the brand will remain in place for the time being.
Peter Haden, Fletchers Group CEO, said the acquisition was the latest step in a strategy to scale up by acquiring great companies with high-quality people and equally high-quality case work.
He said: "Scott Rees & Co is a successful North West law firm built on high standards of client service and professionalism, making it a great fit with Fletchers. We are wholly committed to long-term growth in the personal injury sector, where Scott Rees & Co is already well-established."
The acquisition is the second in a year for Fletchers, following the deal to buy Serious Injury Law in February 2024.
Haden said Fletchers plans to continue its buy and build strategy, having agreed acquisition financing with Pemberton Asset Management in June, and supported by the backing of private equity owner Sun European Partners.
"Our team is keen to talk to owners of personal injury and clinical negligence law firms who are attracted by the opportunity to join a successful growth-oriented law practice with a great working culture and the right core values, to further our mission to rebuild people's lives after they've suffered serious, life changing injuries," Haden said.
Commenting on the deal, Royston Smith said: "It is the right move at the right time. It's clear that consolidation in the personal injury sector is accelerating, and I am convinced that Fletchers will be one of the winners in this rapidly changing market."
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