Network-owned law firm eyes first acquisition in London

Jones: Looking to take advantage of our international connections

A Manchester law firm taken over last month by an international network of professional services firms is looking to buy a London practice as its first post-acquisition move.

Glaisyers has opened an office in London with existing staff and is currently looking at buying a niche firm bringing in new skills to the practice.

Last month, Glaisyers was acquired by a consortium led by ETL Group, which describes itself as an integrated global advisory network combining tax, legal, audit and accounting services and generating around £800m in revenue.

It takes a majority stake in the network firms and already has six accountancy practices across England and Wales, two of which are in London.

David Jones, head of litigation, told Legal Futures that the acquisition would probably be a niche firm with skills Glaisyers did not currently have, such as intellectual property and or a “high-end large financial matters family practice”.

“It will not just be a London version of what we do here [in Manchester].”

He added: “Establishing an office in London allows us to support the requirements of the international clients we are now working with.

“We will also be looking to take advantage of our international connections by working with other companies across the ETL Group who are based in London.”

Mr Jones, who along with fellow former Kuits partner David Marlor invested alongside ETL Group, said however that the accountancy firms were not required to refer all legal matters to Glaisyers.

The firm also said the London office would look to work with multinational companies in Spain, Poland, the Netherlands and Germany with UK subsidiaries, especially as they tackle contractual changes arising from Brexit.

Mr Jones said: “It’s a very exciting time for the firm to develop its proposition around ETL’s international client base.

“We would anticipate the London office to grow to about 15-20 people over the next 12 months as we establish the firm’s credentials across our commercial and private client offering.”

Next steps would be “some bolt-ons in Manchester” and then a move into Scotland in a couple of years time.

Leave a Comment

By clicking Submit you consent to Legal Futures storing your personal data and confirm you have read our Privacy Policy and section 5 of our Terms & Conditions which deals with user-generated content. All comments will be moderated before posting.

Required fields are marked *
Email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Reshaping workplace culture in law firms

The legal industry is at a critical point as concerns about “toxic law firm culture” reach an all-time high. The profession often prioritises performance at the cost of their wellbeing.

Will solicitors finally be fans of transparency now?

Since the introduction of the SRA’s transparency rules in December 2018, I have been an advocate for law firms going further then the regulatory essentials.

A two-point plan to halve the size of the SRA

I have joked for many years that you could halve the size (and therefore cost) of the Solicitors Regulation Authority overnight by banning both client account and sole practitioners.

Loading animation