Capital deal as Irwin Mitchell buys wealth specialist
National law firm Irwin Mitchell has acquired a London practice which specialises in wealth advice for high-net-worth individuals as part of its plan to expand in the capital.
Mayfair-based Berkeley Law began trading in 2010 and Irwin Mitchell's group chief executive Andrew Tucker said the move would enable the group to expand its range of services for clients with complex financial affairs in the UK and abroad.
The news marks the sixth acquisition by Irwin Mitchell since it became an alternative business structure (ABS) in 2012 and comes in a year in which it has also launched IMe Law Ltd, an ABS venture with FTSE250 insurer esure, and opened two new regional offices.
"This is an important strategic acquisition for us and one which will enable us to broaden the range of services our experts on complex financial matters can currently offer, while enabling Berkeley Law to offer its clients access to a wider range of quality services through both our personal and business legal services divisions," said Tucker.
Berkeley Law and its separate residential property and conveyancing business, Berkeley Hurrell, will retain their names and will continue trading from their respective offices in Mayfair and Kensington as ABSs but will be part of Irwin Mitchell Holdings.
As part of the transaction directors Nick Rucker, Alex Ruffel and Tim Thornton Jones become partners in Irwin Mitchell.