Geldards commits to East Mids with latest deal
Geldards has agreed to acquire the long-established practice of a law firm with offices in Derby and Ilkeston.
The deal is designed to enhance the legal services the firm provides in the East Midlands, particularly in the SME sector and to charities, agricultural and private clients.
All of the principals and lawyers at Robinsons are set to join Geldards' corporate, charities and social enterprise, dispute resolution, real estate and private client teams.
Chief executive Jeff Pearson said: "The acquisition of Robinsons is part of our strategic plan to build on our existing strengths in Derby and Nottingham, and to continue to expand our services to nationally recognised charities and private clients.
"We also look forward to bringing our own expertise to the fore, both for the benefit of Robinsons' numerous business and personal clients and to their existing projects, including their work with the Erewash Partnership."
Robinsons managing principal Neil Barnes added: "The principals at Robinsons have, for some time, been considering how best to maintain the high-quality service that the firm has delivered to clients for many years.
"The increasingly competitive and evolving legal market makes now a good time to consider a merger with a larger organisation and we believe that there will be great synergy between the two firms that will benefit both Robinsons' and Geldards' clients."
The proposed acquisition will be Geldards' second in just more than 12 months after the firm took on niche public services practice TPP-Law in July 2013.
Geldards chairman David Williams said: "As the economy starts to emerge into positive times, Geldards is looking to be more expansive minded.
"The legal landscape remains challenging, but we've looked to stay ahead of the curve by taking the time to identify the specific requirements of our clients and moving quickly to strengthen the firm's offering accordingly."
As part of the acquisition it is proposed Robinsons' current Derby practice will move to Geldards' premises on Pride Park, with the Ilkeston base retained.
The deal is expected to complete on 31 October (2014).