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Manchester headquartered Linder Myers has bought fellow Manchester firm Rowlands Field Cunningham (RFC) out of administration, as the firm sets its sights on growing from a £10m to £25m operation in three years.
Full service firm Linder Myers acquired RFC in a pre-packed administration, carried out by MCR, on 22 December 2011.
According to a statement from Linder Myers, RFC, which was a QualitySolicitors firm, had suffered cashflow difficulties. RFC had 80 staff across offices in York Street, Manchester and Swinton. The acquisition will boost Linder Myers’ turnover by £5.4m and create a firm with around 270 members of staff, including 43 partners.
Linder Myers, which reported turnover of £10m in 2010-11, expects to achieve £16m turnover in 2011-12, £20m within 18 months and £25m within three years. The acquisition of RFC follows mergers in 2008 with Scott Lister and Moss & Poulson in Shrewsbury and with Rostrons Solicitors in Lytham.
According to Linder Myers managing partner Bernard Seymour, the firm is in merger talks with a number of Manchester firms and also has it sights set on opening in more county towns, where the firm aims to pursue its high-net-worth and small and medium-sized enterprise clients.
In a statement, Seymour said: “This is our biggest merger to date. It will give us greater critical mass and expertise, and will enable us to penetrate better in some markets. It means we will have one of the largest clinical negligence, personal injury and industrial disease teams in the country, a very large trusts and estates team, and it will increase the strength of our operations in areas such as commercial property.”