Sofy Robertson | Dec 12, 2018 | 0
South-West Based Law Firm Ashfords Merges with Thames Valley Boyes Turner
South-West Based Law Firm Ashfords Merges with Thames Valley-based Boyes Turner to boost growth and innovation
Ashfords LLP, a leading national law firm with offices across the south west has announced that subject to completion of due diligence and legal agreements it is intending to merge with Thames Valley-based law firm Boyes Turner from 1 May 2019, concluding a process that began with exploratory negotiations in early 2017.
The combined firm will have a turnover of £60 million, with 7 offices, 100 partners and 600 staff.
The firm will remain committed to local south west markets, growing and developing business in the firms’ Exeter, Bristol, Tiverton, Plymouth and Taunton offices.
The combined practice area and sector expertise will ensure the long-term sustainable growth of the firm. Added to this is the mutual desire to innovate and develop services and product lines that support clients beyond their normal periodic transactional legal needs which will be benefited by the investment power of the combined firm.
Garry Mackay, Chief Executive and partner at Ashfords, said:
“Ashfords have grown 76% in the last 6 years and the merger aligns with our firm strategy for moving forward and our drive to ensure our clients always receive the best advice. Having spent a lot of time with individuals at Boyes Turner it was clear that culturally both firms are like-minded.
This was an imperative part of any deal as this enables us to retain the positive, rewarding and fair working environment Ashfords has a reputation for. The merger will provide enhanced progression opportunities and allow the firm to attract and retain talent.”
Boyes Turner chief executive and partner Andrew Chalkley said:
“As a leading tech and innovation firm this merger allows for greater growth from our existing strong position. The firm has seen double-digit growth in recent years and is already 12% up on the same point last year.
This merger gives us the scale and investment capability to grow, expand our client base and keep pace with our clients’ needs. The combined firm will enable us to provide even more value to our clients as we will be able to offer a wider range of skills and service lines.”
To find out more about Ashfords LLP, please visit: www.ashfords.co.uk