Taylor Rose TTKW acquires McMillan Williams to create Top 75 Consumer Law Firm
ADRIAN JAGGARD >
CEOWed 20 May 2020
Taylor Rose TTKW Limited (Taylor Rose) is pleased to announce it has acquired McMillan Williams Solicitors Limited together with related staff and offices to create a top 75[i] law firm. The combined firm will represent revenues of over £55 million and have 32 offices nationwide covering Cumbria to Sussex with headquarters in Peterborough and London.
Both firms place great value on providing a high quality service to their clients. The combined firm will prioritise client service during this uncertain time and provide a platform for investment in future growth. McMillan Williams’ focus on property complements Taylor Rose’s own property capabilities to create a Top 10 residential conveyancing firm in the UK[ii]. Other legal teams being welcomed into Taylor Rose include Litigation, Private Client, Crime and Family.
The complementary services with distinct geographies allow for immediate cross selling and scale. The enlarged group also expects to be able to access a wider range of financing opportunities to support its continued growth. Recent investment in people and technology by both firms will support the delivery of high quality advice to clients and facilitate future acquisition activity.
Taylor Rose’s unique business model covering owned offices and employed staff, alongside a fast-growing consultant solicitor programme has allowed it to offer an attractive mix of options for McMillan Williams’ operations.
The acquisition completed following discussions which began in 2019. McMillan Williams’ advisors, Quantuma LLP, and Pinsent Masons LLP considered Taylor Rose, with its compelling cultural and strategic fit, best placed to complete a deal with minimal disruption to the McMillan Williams business, its clients and staff.
Taylor Rose has been advised by John Llewellyn-Lloyd, Head of Professional Services, Arden Partners.
McMillan Williams has been advised by legal sector specialists Sean Bucknall and Andrew Hosking, Partners at restructuring advisors Quantuma, alongside legal regulatory experts Samantha Palmer and Steven Cottee, Partners at Pinsent Masons' Professional Practices team. The McMillan Williams Board have also been advised by Lee Sennett at Shoosmiths.
Taylor Rose is excited to be working with the excellent legal teams and support staff at McMillan Williams and is looking forward to building on the strong client base it has developed over the last few years.
Commenting on the acquisition, Adrian Jaggard, CEO of Taylor Rose:
“Taylor Rose aims to be a leading player in the UK consumer law market. The excellent fit of our two businesses is clear and is a major step forward in achieving our goal. I have been very impressed by the quality and dedication of the McMillan Williams staff notwithstanding recent uncertainty. We look forward to welcoming the legal and support teams into the Taylor Rose family. I am very confident that together we can maximise the opportunities of our combined business. Our resulting strength leaves us well placed to benefit as the Legal Services Market starts its journey of recovery from the stresses of the pandemic.“
Commenting on the acquisition John McMillan, Chairman McMillan Williams;
“We are thrilled to be joining the Taylor Rose platform and the opportunities for both our clients and staff within Taylor Rose. A shared culture, complementary services and distinct geographies made Taylor Rose an obvious home for McMillan Williams and there is enormous potential to bring our respective strengths to bear moving forward.”
McMillian Williams Client Enquiries
Clients are assured that their McMillan Williams file handler will continue to progress their matter, ensuring continuity and avoiding disruption. You can continue to contact your file handler on the same contact number and email address. However, if you have a general question which has not been answered please email firstname.lastname@example.org.
For media enquiries please contact Adrian Jaggard at Adrian.Jaggard@taylor-rose.co.uk.
[i] Referenced against the ‘The Lawyer UK 200 report’ with a combined turnover of £40m+.
[ii] Referenced against the number of Land Registry enquiries issued by account holder.
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