Mon, 05 May 2025 | BUSINESS SALE
Reeves James, a specialist construction law practice, has been acquired by a regional counterpart. The business and assets of the Poundbury-based firm have been acquired by full-service practice Steele Raymond, which has locations in Southampton and Bournemouth.
Reeves James, which was founded in 2020, advises developers, contractors, sub-contractors, individuals and consultants on contentious and non-contentious construction issues.
The deal will enable Steele Raymond to further bolster its legal service offering by establishing a dedicated construction law business. The new team will be headed by Reeves James founder Chris Reeves, who joins Steele Raymond as a partner.
Chris Reeves commented: "Steele Raymond’s reputation is second to none and I am excited to join this forward thinking and dynamic firm. I am very much looking forward to collaborating with the team and contributing to the firm’s continued growth."
Steele Raymond Managing Partner Jennifer Rogerson said: "We are delighted that Chris will be joining Steele Raymond as partner of our new construction team. His appointment is a significant addition to our team of outstanding lawyers, who are dedicated to supporting our clients in achieving their ambitions."
The deal continues a strong period of growth for Steele Raymond, which opened a new office in Ocean Village, Southampton at the beginning of April. The firm has nearly doubled in size over the past five years, increasing its number of partners to 26, while adding niche, specialised teams in Residential Development, Property Litigation and Estate Planning and Tax.
Despite being a highly fragmented industry and acquisitions being the quickest route to securing growth, a recent survey suggested that medium-sized law firms are hesitant about targeting M&A, largely due to unfamiliarity with the dealmaking process.
In a recent exclusive insight, we tackled some of the major myths and misconceptions about M&A that discourage first time buyers and outlined how SMEs in the legal sector and beyond can use M&A to turbocharge their growth.
This directly authorised firm presents a unique opportunity, managing approximately £160 million of Funds under Management with a strong client base mainly around the M25.
South East based IFAs with approximately £150 million of funds under management are seeking a buyer, while intending to transition and remain with the acquiring firm.
This IFA firm in South Wales boasts a robust client base with 540 active households and an impressive £140m in funds under management.
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