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East Midlands Chamber News

Law firm Knights has acquired Spearing Waite

Knights has acquired Spearing Waite, the independent Leicester law firm, in a deal worth £8.5m.

Alongside Knights’ organic growth strategy, the Group has a successful track record of acquiring regional law firms in attractive locations across the UK.

Spearing Waite’s profile as Leicester’s largest independent law firm, its diversified revenue base and low client, sector and fee earner concentration complement Knights own business model, as does the firm’s entrepreneurial culture and mix of both SME and blue-chip clients.

The acquisition is in line with the company’s strategy for acquisitions and will see Knights move to eight regional offices and 450 fee earners, increasing its presence in the East Midlands alongside its existing Derby office.

Spearing Waite was founded in 1993 and has built a reputation in the corporate, real estate and retail sectors with 59 fee earners working across a number of industry sectors.

For the year ending 31 March 2018 Spearing Waite delivered revenue of £7.1m and profits distributable to members of £3.2m. Spearing Waite will keep its branding for a transitional period before being formally rebranded as Knights from 1 January 2019, East Midlands Business Link has reported.