Nelsons sold to private equity-backed group
Private equity-backed Lawfront has bought regional heavyweight law firm Nelsons, which has offices in Nottingham, Derby and Leicester, in a deal which will double the size of the business.
This is Lawfront’s fifth acquisition and its fourth in the last twelve months and takes its revenue to over £45m.
Lawfront is backed by private equity firm, Blixt Group (Blixt).
The transaction comes as Nelsons celebrates its 40th anniversary.
Neil Lloyd, Lawfront CEO, said: “I am delighted that Nelsons has decided to join Lawfront. It is a big step towards achieving our vision of a high-quality, national legal services business.
“Nelsons is an excellent law firm, with a reputation for quality legal advice. Vitally, it is closely aligned with Lawfront culture, focusing on retaining the very best people in the profession to deliver the very best service to our clients. We enter the East Midlands with a high performance, ambitious team that will allow us to grow strongly in the region, both organically and through further acquisitions.”
Stewart Vandermark, Nelsons CEO, said: “It was clear early on that Lawfront was a great fit for Nelsons, bringing greater opportunities for all our colleagues and enhancing the services we can offer to our clients. Nelsons has consistently achieved excellent results and we wanted to remain at the forefront of the consolidating legal market – joining Lawfront ensures that for our ambitious team.
“Working with a business whose own culture and behaviours aligned with ours was key for us. We are excited about the next stage of our journey with Lawfront and realising the bold and ambitious plans we’ve set out to achieve.”
Carl Harring, CEO at Blixt said: “We are delighted to be working with Nelsons through our investment in Lawfront. The quality, culture and growth ambition of the business, combined with their commitment to the team and their clients, makes this a very strong addition to Lawfront, alongside our other firms FJG and Farleys.
“We are excited about our investment in the legal sector and the opportunity to partner with the team at Nelsons and other like-minded law firms to accelerate their growth.”