Eversheds real estate team of six heads to Shakespeares

Birmingham-headquartered Shakespeares has added a six-lawyer team from Eversheds, led by real estate partner Brendan Walsh.

It comes as the firm prepares to convert to an ABS after receiving regulatory approval for a licence from the SRA.

The Eversheds team, which consists of five lawyers and one partner, will join in coming months following Walsh who has already taken up his position.

Commenting on the move Wilson said in a statement: “His recruitment is in line with our business strategy to continue to grow our Midlands business at the same time as strengthening our specialist expertise.”

The hires come just a week after DWF added a team of 13 Eversheds lawyers, including 5 partners, to its Manchester and Newcastle real estate practices (9 May 2013).

The firm said a move to an ABS, meanwhile, would enable it to target the insurance claims market.

The acquisitive Midlands firm already has three non-lawyers on its board, including chief executive, Paul Wilson, and managing director, Nick Brown.

Insurance services partner Craig Wallace commented: “I’m sure that for insurers in particular, an ABS will bring opportunities to drive efficiencies, improve processes and life cycles and therefore reduce costs. It will also bring about a significant shift in the ownership of fees attributed to the provision of legal services.

“Some say that the legal insurance industry is under threat. I disagree as legal services will remain a purchase of necessity. What ABS does however is challenge who will provide those legal services and therefore ultimately where the cost and profit margins will sit.”

Shakespeares has completed five mergers since 2010 (23 July 2012), most recently merging with regional neighbour Harvey Ingrams to create a £50m firm (16 July 2012).