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."
This is a prime opportunity to acquire a well-established Scottish IFA with a substantial £100m FUM, complete with advisers, support staff, and a fully operational office.
An experienced IFA in Buckinghamshire, managing funds under management (FUM) of £125 million, is available for acquisition.
This is a rare opportunity to acquire a well-established South Coast IFA with significant funds under management, perfect for those looking to expand their financial advisory footprint.
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