Law firm merger creates 250-strong practice with an ambition for success
This October will see Ramsdens and Baxster Caulfield joining firms across the UK who are choosing to merge. Will consolidation continue to be the future of the conveyancing profession?
Ramsdens Solicitors, who have their principal office based in Edgerton, with nine further branch offices, announced they are to merge their current 220 employees with fellow West-Yorkshire based firm, Baxster Caulfield. Both firms have a collective turnover of £12 million, and with the emphasis both place upon the importance of client relationships and furthering success, the merge looks to be a positive step for all.
Paul Joyce, Managing Partner at Ramsdens, has noted the expertise in the areas of heavyweight litigation and corporate and commercial law that they will be gaining from Baxster Caulfield as part of the merge. He has stated that ‘the skill and experience that Baxter Caulfield will bring complements perfectly the existing strengths within the Ramsdens practice.’
Both Ramsdens and Baxster Caulfield are long-established, well respected firms within the area and aim to further this reputation in order to positively establish their merged identity. By combining the talents of both firms, the new firm is set to possess one of the strongest commercial and corporate teams in the area.
Baxster Caulfield seem equally enthusiastic about the merger, with Stephen Newman, their Senior Partner and Head of Corporate, noting that both firms possess a drive for growth, whilst also focussing on maintaining excellent client care at the heart of their business.
David Bradley, also of Baxster Caulfield, has further noted the importance of client relationships being an essential aspect of the merge, stating that a joint aim of both firms is ‘to provide clients with a depth of resource, experience and expertise to better support the local business community.’
The merge will create a firm with 250 employees and 23 Partners, creating a wider foundation in which to accommodate and increase client demand and service to a wider area. This is due to be the first full week in operation after the merge commencing from 1st October 2015.
Jeremy Black, who acts as Professional Services Partner at financial advisory and risk management firm Deloitte, states that merging two legal firms is a popular move because it is then ‘easier to get economies of scale, to invest in an international network and to get lateral hires to help win new business.’
Both firms are currently taking steps to communicate details of the merge and future changes to their clients.