Private equity house backs fourth law firm acquisition

Mulderrig: Growing our professional family

The private equity house looking to building a £100m legal services group has made its fourth acquisition with a bolt-on for Lancashire firm Farleys.

The Blixt Group’s legal business, Lawfront Holdings, acquired Farleys last October for consideration that could rise to nearly £18m.

Farleys has now bought Mulderrigs, a two-partner firm specialising in serious injury and professional negligence claims.

Mulderrigs will continue to operate under its own brand and gives Farleys a seventh office in Lancashire and Greater Manchester by adding a presence in Rawtenstall.

Director Paul Mulderrig said: “With access to a wider range of services and resources and the well-recognised brand of Farleys, we look forward to growing our own professional family here in Rawtenstall to continue looking after our clients and their families, and the wider business community across Rossendale.”

Farleys managing partner Ian Liddle added: “This is a great opportunity for Farleys and will unlock many opportunities as we look to build upon the existing well-known brand and quality service that is already associated with the Mulderrigs name in the local community.

“We are continuing to invest in a number of key appointments and service areas which is indicative of our plan to increase presence across the region and grow our firm.”

Blixt entered the legal market is summer 2021 by acquiring Essex law firm Fisher Jones Greenwood, for which Lawfront paid £2.9m in cash plus £1.2m in deferred consideration.

Blixt showed its willingness to support its firms last year when Fisher Jones acquired Essex and Suffolk firm Steed & Steed.

Lawfront says it is looking to build “a leading national law firm through partnering with high quality, likeminded firms concentrating on private clients and services to small and medium-sized businesses”.

It supports firms to develop their businesses “through investing capital and resources in central services, systems and, most importantly, people and culture”.

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