Mon, 02 Oct 2023 | MERGER
Two long-standing law firms in the East Midlands have merged, creating a business with a 200-strong team and close to 30 partners. Rotheras Solicitors LLP, based in Nottingham, has joined forces with Leicester-based Bray & Bray Solicitors to form Rothera Bray LLP.
All existing staff and partners will join the new firm, while the clients of both companies will also be brought under the new LLP. The deal comes amid a period of growing M&A activity in the UK legal sector, with deals being driven by high levels of fragmentation, private equity investment, rising costs and succession planning issues, among other factors.
Rotheras, which dates back to the 1800’s, focuses on private client services, while Bray and Bray specialises in corporate and commercial clients.
Rotheras Solicitors Chief Executive Christina Yardley said that the merger would expand both the geographical reach and breadth of expertise of the two companies and create one of the UK’s top 200 law firms by revenue.
Tim Gladdle, senior partner at Bray & Bray, added: "The merger is an excellent opportunity for us to expand the expertise within our teams whilst growing and developing our offering to clients across the East Midlands and nationally.”
Gladdle continued: "We look forward to aligning our approach and values in a merger that will strengthen our market offering which will benefit from new technologies that will streamline processes and infrastructure, adding further value to our client experience."
The merger was facilitated by the Ortus Group, which has an extensive history with both firms, having a long-standing working relationship with Bray and Bray and recently representing Derby firm JH Powell during its sale to Rotheras.
Ortus Group founder and managing director Colin White said: "Having known Bray & Bray for such a long time and latterly getting to know Rotheras, I recognise two firms as being culturally so aligned that I had to explore the feasibility of introducing them to one another."
"Their complementary strengths together with what I knew about their ambitions meant I was confident they would become greater than the sum of their parts and I am delighted to have played a role in creating this new firm."
Find out more about what's driving legal sector dealmaking
This is a rare opportunity to acquire a well-established firm of solicitors, known for its substantial private client base and comprehensive range of legal services.
An established Northern Ireland IFA presents a unique opportunity with £500k in recurring revenue and an average client value exceeding £350k, offering a portfolio of highly profitable clients.
This is a prime opportunity to acquire a well-established Scottish IFA with a substantial £100m FUM, complete with advisers, support staff, and a fully operational office.
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