Legal and professional services business Gordon Dadds Group has agreed to acquire the international network of law firms, Ince & Co International LLP for £34m, creating the largest listed law firm in the UK by revenue.
Dadds said that the consideration for the acquisition would equate to a percentage of the turnover generated by the equity partners of Ince & Co International LLP over the three years from completion.
The newly formed merged entity would become a top 40 UK legal firm and trade as Ince Gordon Dadds LLP.
The new firm will be led by Gordon Dadds’ managing partner & CEO, Adrian Biles, supported by Peter Rogan, Ince’s chairman and the heads of the merged firms’ offices and business units and the Gordon Dadds management team.
Biles, said in a statement: “Ince is a highly successful and well-respected business with an iconic brand and I will be delighted to welcome our new colleagues to the Group.
“The merger will build upon the complementary strengths of the two firms in terms of industry expertise and range of services. Our management model will also allow Ince’s partners and fee earners to focus even more on providing market leading legal advice to a stellar client base.”
The firm has said that the newly merged entity will be headquartered in London’s Aldgate Tower and will have aggregated revenues of over £110m, with 100 partners and offices in nine countries.
Dadds has also said that the deal would likely complete by the end of 2018.