Mon, 08 Apr 2024 | BUSINESS SALE
Cartmell Shepherd Solicitors has bolstered its presence in the North of England with the acquisition of a firm based in Hexham. The company has acquired 26-strong firm Nicholson Portnell Solicitors in a deal that it says strengthens its operations in the Tyne Valley and Northumberland.
Nicholson Portnell Solicitors was formed in 2003 through the merger of law firms Nicholson Wood & Gregg and Portnell Ward & Rose. The company, which currently employs 26 staff, will continue to operate from its Hexham office following the acquisition.
Cartmell Shepherd Solicitors has an existing North East presence in Haltwhistle, with additional offices in Penrith, Cockermouth, Brampton, Carlisle city centre and Carlisle’s Rosehill Industrial Estate. The company works with clients across Cumbria and Northumberland, as well as nationwide.
Peter Stafford, managing director of Cartmell Shepherd Solicitors, said that Nicholson Portnell has provided “trusted legal and advice guidance to North East communities for decades” and that the deal would " combine the excellent services both legal practices provide for the benefit of our clients and our teams.”
He continued: "This deal is a major milestone in both firms' long histories and will bring many benefits through our shared values and our shared vision for the future.”
"Joining forces with Nicholson Portnell will help strengthen our presence in the Tyne Valley and Northumberland and support and enhance the great work both teams carry out on a daily basis."
Nicholson Portnell senior partner Richard Nelson called Cartmell Shepherd “a prestigious, well-established firm” and said that the two companies’ " values and ethos are very much aligned.”
He added: "Cartmell Shepherd is passionate about the welfare of its staff and supporting career progression, and the importance placed on the well-being of its employees was a big factor in agreeing to join forces. This is an exciting development for Nicholson Portnell and we look forward to providing enhanced legal services to our clients from our iconic building in Hexham town centre."
Discover more about the trends driving M&A in the UK legal sector
Offered for sale is a key provider of experienced promotional, event, and performance staff covering a variety of requirements in the UK, Europe, and further afield.
Established over 15 years and located in South-Wales with £105m FUM generating £550k in recurring Income. The practice offers potential for growth and expenditure.
With staff and succession planning in place, this business can continue operating profitably following a sale.
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