Accountancy firm strikes up UK wide network of merger experts
Yorkshire-based accountancy firm, Armstrong Watson, has joined forces with seven other law firm merger experts across the UK to form the Association of Law Firm Merger Advisers (ALFMA).
The launch of ALFMA sees Armstrong Watson join up with Aaron & Partners, Ampersand Legal, Haddon Consult, Hazlewoods, Hedley Consulting, Howard Hackney LLP and Wilkinson Read as founder members.
The new association has been formed as a direct response to unprecedented change and challenge faced by the legal profession and a lack of easily recognisable ‘turn to’ expertise.
A spokesman said: “From small firms worried about succession or exit, to larger firms wanting to grow and attract quality staff, develop their client base or open in new locations, merger has never been a more important issue.
“Whilst there are a wide range of consultants and businesses who claim expertise in merger work, until now, it has been very difficult for a firm to know who to trust. The Association of Law Firm Merger Advisers has been founded to offer much-needed reassurance and bring a level of professionalism and responsibility to the sector.”
Tom Blandford, Legal Sector Director, Armstrong Watson, added: “This association provides a key UK wide network that allows our clients to have access to a larger pool of potential vendors/targets. It also allows for a “one stop shop” of experts for all of the strategy, facilitation, valuation, taxation and legal documentation that collectively results in a smooth transaction”