The consultant-led law firm Setfords Solicitors has agreed a merger with the Mayfair-based commercial practice Summers Solicitors LLP.
Setfords expects to make similar deals with other firms in the next 24 months as it looks to bolster its commercial expertise and further increase growth.
The core of Summers’ partners have joined Setfords as consultants. All of the firm’s full-time support staff also join the firm.
Summers was founded in September 1995 by John Summers who grew it from a sole practice to a six partner firm with a turnover in excess of £1.6m.
John Summers said: “This has been a big decision to make but after 23 years operating independently we felt this was the right time to partner with a larger firm to enable us to deliver an even wider range of legal services to our clients.
“Setfords’ commitment to both its lawyers and its clients very much fitted with our own ethos and we are excited about what this partnership will enable us to achieve.”
Summers partner Martin Frankum said Setfords’ support structure was one of the major reasons for seeking the merger.
Martin Frankum said: “Running a firm is very time-consuming, especially when you have to fee-earn as well. Now we can concentrate solely on servicing our clients and continuing to provide the high level of service that they have come to expect from us.”
He added: “The firm has one of the best digital marketing teams in the industry and this will help us reach even more commercial clients looking for expert advice.”
Setfords Solicitors CEO, Chris Setford, said: “We are delighted to be joining forces with John and Martin. These stellar commercial lawyers bring with them exceptional ability and decades of experience operating at the highest levels within the commercial market.
“We will be supporting them as they continue to serve their existing clients and as they seek out new businesses and individuals requiring high-level commercial advice.”
Fellow Setfords Solicitors CEO, Guy Setford, said the deal had allowed Setfords, which has a base in Chancery Lane, to bolster its commercial presence in London, and was part of major expansion plans for the firm which has over 200 consultant lawyers working nationwide.
He added: “We are currently considering mergers with a number of other firms across multiple sectors.
“We believe our unrivalled support and flexible working practices are highly attractive to firms looking to share some of the responsibility of running a firm, but are keen to achieve even greater success.
“Our model allows firms to scale their own client bases while de-risking and allowing others to do the heavy lifting.”
Chris Setford added: “While joining forces with other firms will most certainly be a focus in the coming months and years we remain committed to recruiting individual lawyers looking to free themselves from the constraints of traditional firms and enjoy a better way of working.”
The merger took place on 29th June 2018.