Kennedys absorbs RPC’s Tiverton insurance office” />Kennedys has today (28 July) taken over the Tiverton office of its insurance rival Reynolds Porter Chamberlain (RPC) and plans to move the staff to Taunton.
The RPC team of one partner and six lawyers has joined Kennedys after the firm took on the team as a going concern. It will continue to concentrate on professional indemnity work.
Kennedys senior partner Nick Thomas told The Lawyer that moving the team to the Taunton office will ;allow ;for ;better communication with the rest of the firm.
“With the Taunton office and our recent acquisition of Davies Lavery giving us offices in Birmingham and Maidstone, as well as our offices in Manchester and London, it means we’re cementing our national network,” said Thomas. “The Tiverton lawyers also fit with our efforts to expand professional indemnity.”
Thomas said RPC had “let the office go”, as opposed to selling it to Kennedys. He added: “We paid a bob or two for the licensing of software, but that was it.”
RPC managing partner Jonathan Watmough said his firm was “relaxed about letting the office go”.
“With the lease on the Tiverton building expiring, we needed to make a decision of whether to invest in it,” explained Watmough. “But it isn’t a significant operation, so if we were to invest we’d have needed to have done it years ago.
“In 2003, when we first acquired the office, it fitted with our direction – but times have changed and business moves on.”
RPC’s insurance strategy is to intensify its focus on the London market in relation to “more complex matters” than ;those ;that ;came through its Tiverton office.
Thomas said the lawyers joining Kennedys from RPC will continue to provide a bespoke service to RPC’s insurance clients.