Leicester and the wider East Midlands-based law firm Nelsons has announced the acquisition of family solicitors and mediators Glynis Wright & Co.
Nelsons, a top 200 law firm based in New Walk, Leicester, says the transaction will support its vision to become the strongest and biggest family law department in the East Midlands.
Last year, Nelsons hit the first milestone of its financial target – growing its after-tax profits by 27% to £3.6m and boosting turnover by 8% from £15.9m to £17.2m for the year ending May 2019, which also marked its most successful year in Leicester. It has ambitions to grow further and become the first-choice firm in its target markets in the city.
Glynis Wright & Co, in Regent Road, was founded in April 2011 by Glynis Wright, who has grown it into a £1.2m turnover firm. Glynis will join Nelsons’ Leicester office as a partner and head up the family law team in the city. With her she will bring seven lawyers, and one soon-to-be qualified solicitor, who specialise in all aspects of private family law cases, many of which are high value, including complex financial settlements.
Nelsons’ Chief Executive Stewart Vandermark said: “This transaction further supports our ambitious strategy to increase Nelsons’ overall turnover to £20m and underlines our aspirations in Leicester, demonstrating our commitment to and investment in the city.
“The Glynis Wright & Co team is extremely well-regarded, and their knowledge will bolster our expertise in family law not only in Leicester, but also in the wider East Midlands region.
“Both practices have strong reputations, similar values and financially, have been performing very well recently. More importantly, we share the same vision, which is to come together to create something even greater – the biggest and strongest family law department in the East Midlands.”
Nelsons, which also has offices in Nottingham and Derby, employs more than 190 people across the East Midlands. In Leicester, the law firm – which has been supporting businesses, individuals and families with their legal and investment needs for the past 20 years – employs 25 people, including seven partners and 13 additional fee earners.
Stewart added: “I first met Glynis back in 2019 and was immediately struck by her passion, vision, energy and the leadership she has shown to build the practice from a start-up to a leading family law firm in such a short period of time. We shared similar ideas on the importance of investing in our people and building a strong culture.
“While the onset of the pandemic interrupted our discussions initially, the compelling strategic fit between the businesses, our shared ambition and the strong performance of both businesses in lockdown meant that it was not long before we picked up the discussions. We’re delighted that the acquisition has now come to fruition.
“We’re looking forward to Glynis and her team joining Nelsons and supporting us as we push boundaries to empower our clients – giving them a voice, fighting for them, helping them seek justice and steering them through the complex legal issues they face.”