By Andrew Roberts of Ampersand Legal
Our client was a small west end property firm who we had known for a while. They had a particularly strong and loyal client base generating over £1m in fees. Both equity partners were in the mid-50’s and they had begun to worry about eventual succession and the burdens of compliance. Having been together in their own business for a long time it was important that the firm the joined was culturally alike and would allow them to operate as their clients had come to expect. Knowing the London market well, we arranged 3 meetings for them and quickly moved onto agreed heads as full equity partners in a 6 partner firm. Joining in their 50’s means the 2 Partners will have time to enjoy the benefits of the larger firm rather than just joining as a route to retirement.