Law firm Irwin Mitchell, which has a major presence in Birmingham, has completed a merger to form a £250 million business.
The firm has merged with Thomas Eggar, creating an operation with 15 locations with nearly 300 partners.
Irwin Mitchell chief executive Andrew Tucker said the merger would transform the structure of the group. Legal services to businesses and high net-worth private client work will together account for half the group’s turnover. The personal injury business – 80 per cent of which is made up of high-value, complex cases – will account for the remainder.
He said a major investment drive was planned.
He said: “This merger is truly transformational for our business and marks the start of a new era. Our combined business legal services and high net-worth private client divisions now account for about 50 per cent of our business and will become ever more important. The merger also significantly strengthens our presence in London and the south and means that for the first time more than half our turnover will come from the southern half of the UK.
“We plan significant investment in our business, private client and complex personal injury practices, and mergers and acquisitions are a key part of our strategy to give us the scale and breadth of service that clients demand.”
Since announcing the merger, the firm has been completing a Tupe consultation for the transfer of Thomas Eggar’s staff to Irwin Mitchell.
Mr Tucker said that more mergers and acquisitions could yet follow as the group – now the 11th largest legal business in the UK – plans to strengthen its business legal services, private client and personal injury divisions still further.
He added: “We have completed seven M&A deals since being granted an ABS licence in 2012. Our last was the acquisition of private wealth firm Berkeley Law in 2014 and we have a pipeline of further potential opportunities that we are working our way through. However, we will complete mergers or acquisitions only if they make sense, and will complete deals only if they add significant value to our firm.”
Vicky Brackett, managing partner at Thomas Eggar, said: “This is an exciting time for all of us at Irwin Mitchell and Thomas Eggar. This merger is a catalyst for change and combining the strengths of both our firms will create a business that is among the best in the industry. We have significantly increased our presence across a large part of the country and that presents significant opportunities to offer a wider range of services to a larger number of clients in a more diverse range of sectors.”