Ashfords and Boyes Turner have announced that subject to completion of due diligence and legal agreements they intend to merge 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, 600 staff (total of 700 employees).
The merger responds to client demands for innovation, efficiency, and value and will deliver this through increased sector expertise, strong relationship management and scale of resource.
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 strengthened 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 the financial year to date growth is 12%. 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."
- Boyes Turner and Ashfords intend to merge on 1 May 2019. The merged entity will be called ‘Ashfords’.
- Boyes Turner is one of the UK’s leading full-service regional law firms. Its specialist teams are regularly ranked as amongst the best in the UK. Based in the Thames Valley with 22 Partners, over 55 other lawyers, and in total more than 160 employees, the firm is ranked by both Chambers Guide to the Legal Profession and the Legal 500 as one of the UK’s leading regional law firms and a “regional heavyweight”. Over two-thirds of its Partners are rated as leaders in their fields by the legal directories.
- Ashfords LLP is a national provider of legal, regulatory and professional services. They combine legal expertise, commercial experience, and a wider network to help clients achieve their goals, providing value for time and value for money. Their commitment to excellence is reflected by the quality of their people and Partners, client testimonials and industry awards. Ashfords has been awarded an ABS (Alternative Business Structure) and hold both the ISO 9001 Standard and the Legal Services own Lexcel Accreditation in Quality Management. The firm employs over 500 people across its six offices in Exeter, London, Bristol, Taunton, Tiverton, and Plymouth. Ashfords provides international advice through its ADVOC network, with representation in over 60 countries. Ashfords LLP is a limited liability partnership, registered in England and Wales with registered number OC342432. Ashfords LLP is authorised and regulated by the Solicitors Regulation Authority. Address, contact and partner details can be found at www.ashfords.co.uk.
Consistent with our policy when giving comment and advice on a non-specific basis, we cannot assume legal responsibility for the accuracy of any particular statement. In the case of specific problems we recommend that professional advice be sought.