Talbots Law enhances their expansion journey into Worcester city centre with the acquisition of Scaiff LLP
Talbots Law, founded in 1828, have continued their expansion journey, by announcing their third acquisition in the space of twelve months. This time, acquiring Scaiff LLP in Worcester. The acquisitions to date have boosted Talbots workforce to close to 450 staff.
It is good news for Scaiff LLP though, as all 16 staff are being retained. Expansion plans appear to not stop here though, as Talbots Law are already planning to recruit a further 10 solicitors and administrative employees over the course of the next twelve months. Currently at
Not only an investment in workforce but there will also be significant investment in refurbishing “sympathetically” the Grade II listed offices on Foregate Street.
Dave Hodgetts, Chief Executive of Talbots Law, 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.”
Dave Hodgetts, has been Chief Executive since 2021 and the acquisition of Scaiff LLP follows the purchase of Sarginsons in Coventry and Wright Solicitors with offices in Dudley and Bewdley. The acquisitions, alongside organic growth within the business, has seen revenues rise from £22m to £24m in 2023. They have announced a £30m target set for 2025.
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.”
The annual fees target as well as the 30m target set for 2025, 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”.
Simon Shaw, Managing Partner of Scaiff LLP 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.
