Mon, 29 Apr 2019 | MERGER
European law firm Fieldfisher has announced that it is pursuing a merger with a top 20 Irish company, McDowell Purcell.
Fieldfisher, which has offices across the UK including Manchester, has expressed excitement about the merger with McDowell Purcell. Led by managing partner JP McDowell, the Irish company has 16 partners and 50 lawyers and has been established for more than 120 years.
According to McDowell Purcell, the firm is a leader in corporate and commercial law, as well as renewable energy, banking, data protection, employment, insolvency, environment and planning.
Fieldfisher added that the new Irish branch of the company was particularly attractive due to the Irish economy, dominated by sectors including technology, media and telecoms (TMT) and finance, both of which are key areas in Fieldfisher's current fields of expertise.
Additionally, Fieldfisher noted that Ireland offers a very good rate of corporate tax - the lowest in the European Union - which means it is an ideal investment opportunity for the European business. Furthermore, the growth of the company's offerings outside of Britain will ensure the firm can continue to deliver at the same level once Brexit comes into force.
"A large percentage of our client base have Irish operations and have used Ireland as their EU HQ when expanding across the EU markets," said Fieldfisher. "We are delighted to welcome McDowell Purcell into the Fieldfisher family. Ireland was the last piece in our international growth strategy and we are now in all the key commercial centres across Europe."
JP McDowell added: "The merger will allow us to provide clients with new product lines and process-efficient services, and to compete more effectively with the global firms that are now establishing a foothold in the Irish legal market."
Works with clients from across the financial services industry to ensure business operations are compliant with FCA regulations. Extensive experience including advising on obtaining FCA authorisation, operational risk and regulatory compliance. Offer...
Specialises in assisting clients claim compensation for mis-sold investments and pensions. Considerable potential to diversify into additional financial services and cross-sell to the company’s past and existing client base. Offers invited.
Well-established provider of niche support services to the legal profession. Opportunity to acquire a provider of very niche support services to the legal profession. The business enjoys a flexible cost base which has allowed fast growth to be achiev...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources