The new Worcestershire team for Talbots Law
Next stop on Talbots Law’s expansion journey is Worcester after it announced its third acquisition in the space of twelve months.
The legal specialist, which has boosted its workforce to nearly 450 this year, has bought well-known local firm Scaiff LLP in a deal that sees it boast its first ever presence in the city centre.
All 16 staff are being retained, with ambitious expansion plans already in place to recruit a further 10 solicitors and administrative employees over the course of the next twelve months.
There will also be significant investment in sympathetically refurbishing the Grade II listed offices on Foregate Street.
Dave Hodgetts, who joined Talbots Law as Chief Executive in 2021, commented: “Whilst we’ve got offices in Kidderminster and Bewdley, we’ve never had a high street presence in Worcester…this acquisition gives us an immediate footprint in a city and area rich in potential.
“Scaiff LLP has been operating here for more than 30 years and has a proven track record of offering family, personal injury, wills and probate and residential conveyancing services to local people.”
He continued: “All this expertise is being retained and will be supplemented by the additional capacity and infrastructure we can offer and access to business services and dispute resolution legal advice.
“Annual fees are currently £1.2m and we expect these to increase to £2m by the end of 2024.”
Scaiff LLP is the third acquisition made by Talbots Law in the last twelve months and follows the purchase of Sarginsons in Coventry and Wright Solicitors with offices in Dudley and Bewdley.
The M&A activity, combined with strong organic growth, has seen revenues rise from £22m to £24m in 2023, with a £30m target set for 2025.
This will be achieved by further deals in strategically identified parts of the West Midlands and, longer-term, the possibility of moving into the East of the region.
Scaiff LLP Managing Partner Simon Shaw, who will stay on after the deal, commented: “Talbots Law is one of the region’s fastest growing law firms and shares the same commitment to personal service and a passion for helping local people that we do.
“Our existing clients will benefit from having access to a larger team and new legal specialisms that we haven’t been able to offer before. On the flip side, we are bringing considerable personal injury expertise to Talbots, which I know is an area it is keen to grow in.”
The acquisition was arranged by David Sparkes from independent M&A brokering specialist Millbourn Ross and was completed on January 2nd.
