Mayfair firm acquired by Irwin Mitchell
9th Nov 2014
Irwin Mitchell has acquired Berkeley Law, a Mayfair-based private wealth specialist.
In an effort to make advances in London, the firm has acquired Berkeley Hurrell in Kensington, a residential property and conveyancing business, as well as the Mayfair headquarters of Berkeley Law.
Believed to have an annual turnover of between £3m and £4m, Berkeley Law specialises in private wealth advice for individuals with a high-net worth. They operate both in the UK and abroad, covering issues such as international estate planning, trust advice, probate and estate administration, taxation, and asset protection.
Both businesses will retain their brands and their offices to trade from as alternative business structures (ABS) under the umbrella of Irwin Mitchell Holdings. It marks the sixth acquisition by Irwin Mitchell since it became an ABS in 2012.
Andrew Tucker, Irwin Mitchell Group’s chief executive, states that the acquisition is important strategically to Irwin Mitchell, and will allow the firm to expand the services they offer already, while also allowing Berkeley clients ‘access to a wider range of quality services’.
Nick Rucker, Alexandra Ruffel and Tim Thornton-Jones, legacy Lawrence Graham parterns, who set up Berkeley Law alongside Glenn Hurstfield, will become partners at Irwin Mitchell through the deal.
Rucker believes the move is ‘decisive’ in committing to the future of the firm, adding that Irwin Mitchell ‘understands better than any other’ how the UK’s legal industry is changing, while also having expertise on how to run businesses which are not law firms.
Alongside acquisitions, Irwin Mitchell has recruited 13 people at partner level since May. They have also expanded to Southampton and Cambridge since February, as well as acquiring a Manchester-based firm at the end of last year.