Latest News Headlines
Commercial Credit News
|Aberdein Considine acquires Newcastle law firm to expand into England and Wales|
|Monday, 19 September 2016|
A leading Scottish law firm has announced its first expansion into England and Wales with the acquisition of an established legal business in Newcastle.
Aberdein Considine - which already trades across Aberdeen, Edinburgh, Glasgow, Perth and Stirling - has acquired Wallers Solicitors to help meet the growing need for lawyers who can act across multiple UK jurisdictions.
The deal gives Aberdein Considine its first foothold in the substantial English and Welsh legal markets and enables the immediate expansion of its corporate conveyancing, litigation and debt & asset recovery services south of the border.
The combined business, which will now trade under the Aberdein Considine brand, employs 380 staff and will have a total turnover of more than £22million.
The acquisition is being accompanied by the firm’s first senior appointment in England, former HL Interactive chief executive Matt Wightman.
Mr Wightman – an experienced debt and asset recovery specialist – joins as Partner to spearhead the new English and Welsh operation, which will be based in Newcastle’s historic Cloth Market area.
Rob Aberdein, UK Partner in charge of Lender Services at Aberdein Considine, said the deal allows the firm to offer clients the convenience and security of using one firm across all of mainland Britain.
“We already act for some of the UK's biggest lenders and this deal brings our customer, compliance and regulatory-focused debt & asset recovery and conveyancing services into the English and Welsh legal markets for the first time,” he said.
“Wallers, which was previously part of Hay & Kilner, has a track record of providing a great service to its loyal clients. The same dedicated staff will continue to offer that same great service under the banner of Aberdein Considine.”
Aberdein Considine offers property, legal and financial services to private and commercial clients across Scotland. Its clients include global banking giants Royal Bank of Scotland, Lloyds Banking Group and Santander, as well high street retailers including Greggs PLC and Rox.
The Wallers acquisition follows the partnership’s mergers with Stirling firm Muirhead Buchanan in 2014 and Glasgow lawyers A&S Ireland earlier this year.
Managing Partner Jacqueline Law said it was a “hugely exciting” time for the firm. She said: “The opportunities in England are huge and with Aberdein Considine’s unique approach to volume legal services, I am confident we can win new clients to help further grow the firm.”
Royal Bank of Scotland assisted in financing the latest deal – which the bank says is “good news” for the Scottish legal sector.
Senior Relationship Manager, Jamie Smith, said: “The Royal Bank of Scotland is delighted to have supported Aberdein Considine with its latest acquisition.
“This year has seen considerable growth for the business across Scotland. This entry into the north-east of England shows the positivity within the sector and will add to Aberdein Considine’s deservedly strong reputation within the financial and legal profession.
“This is good news for the Scottish market.”
Forums International Ltd
Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.
Find out more here.
The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.
CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.
As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.
Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.
GTS Media Ltd
81 Cambridge Road
Registered in England No: 05483197