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Autumn merger mania strikes again up and down the land

Newton: £4m business [1]

Newton: £4m business

Mergers have been unveiled across the country in recent days, with firms of all sizes and practice areas choosing to join forces.

There is usually a rush of mergers each year timed to coincide with the 30 September deadline to secure professional indemnity insurance, and 2015 has proven no different.

Newtons is a Yorkshire and County Durham alternative business structure that has grown from its founder’s shed [2] in 2009 to a £4m business following its latest acquisition, Calder Meynell.

With offices in Thirsk and Northallerton, the renamed Calder Meynell Newtons fills a gap in Newton’s now 11-strong office network, which runs between West Yorkshire and Teesside. Founded in 2011, Calder Meynell has seven staff and a £300,000 turnover through services to the elderly, family law, agricultural and rural services, and residential property.

The deal takes Newtons’ annual fee income to £4m; its medium term goal is £5m. It now has 90 staff in the wake of several mergers. Founder Chris Newton said: “I’ve wanted Newtons Solicitors to have a presence in Northallerton and Thirsk for a long time and am delighted that this deal has completed and by the positive way that our teams have already started working together.”

Other deals: