Knights targets non-lawyer professionals in next stage of growth

Print This Post

3 February 2016


David Beech

Beech: only the larger full-service law firms will survive

Knights, the law firm backed by leading businessman James Caan, is targeting accountants, tax specialists and town planners as part of a plan to recruit a 100 more professionals this year.

David Beech, chief executive of Knights, said he expected around half of the new recruits to be non-lawyers.

“We major in law at the moment. We want to grow that and add lots of other things that clients want, such as accountancy – particularly on the advisory side – planning, property finance and tax.”

Mr Beech said only around 10% of the firm’s fee-earners were currently non-lawyers.

However, he said that although accountancy firms were expanding and doing more law, the main competition for Knights was still other law firms, particularly the bigger ones closest to his firm’s offices.

“Our aim is to be a leading professional services business,” he said. “We will see a reduction in the number of full-service law firms, and only the larger ones will survive the evolutionary process.”

He was speaking after completion of the acquisition of Oxford-based Darbys, which was first announced last November. Following the purchase – which was principally funded by Allied Irish Bank – Knights employs around 300 professionals in offices in Oxford, Chester, Cheltenham, Derby, Colchester, Hale and Stoke-on-Trent, and has a projected turnover of £40m.

Mr Beech said the deal was the firm’s biggest acquisition so far. He went on: “This deal has allowed Knights to achieve its targets a year early. Now is the time to be looking forward at how we can provide integrated solutions to our clients with legal services being part of a wider offering.

“Regional accountancy groups, tax specialists and real estate advisory organisations located outside of the major cities of Birmingham, Manchester and Leeds, are the main focus, but we remain a flexible and adaptable business that can respond to the needs of the changing market place.”

Mr Beech added that he was delighted both with the speed of the firm’s growth and by progress in establishing a “one-firm culture”.

Tags: ,



Leave a comment

* Denotes required field

All comments will be moderated before posting. Please see our Terms and Conditions

Legal Futures Blog

New right to paid leave for bereaved parents: A welcome move

Kimberley Manning DAS

This year, like many in recent years, has seen some key changes within the employment law field, with the government, trade unions and lobbyists remaining endlessly engaged in seeking to impose their interpretation of fair balance between employers and their respective workforces. Although consensus on that equilibrium can never really be achieved, sometimes there are pieces of legislative movement which are difficult to argue with regardless of your perspective: This is one of those. Published on 13 October 2017, the Parental Bereavement (Pay and Leave) Bill would provide for the first time a legal right to parents who are employed and have suffered the death of a child, a minimum of two weeks’ leave in which to grieve.

November 20th, 2017