Hawkins Hatton has joined Bamboo Group which will take of its back-office functions so it can focus on client work.
A Black Country corporate law firm has been acquired by a legal services investment group.
Hawkins Hatton has become the fifth practice to join the Bamboo Group, a ownership vehicle which looks after back-office functions for its businesses so they can focus on client work.
Joining the group will give the Dudley-based firm a wider network within which it can refer private client and other work and benefit from cost savings generated by shared services.
Hawkins Hatton will retain its name following the deal and its two owners will continue to run the business.
Partner Colin Rodrigues said: “Joining Bamboo is a terrific move for our practice, our people and our clients.
“It is a compelling offer that means we can focus on what we are good at, high-quality commercial legal advice, while leaving administration in the hands of experienced professionals.
“We see real opportunities for growth, not least by working with other members of the Bamboo Group.”
Bamboo founder Michael Burne added: “Hawkins Hatton fits the profile of firms we look for perfectly. “It is a well-run business with a strong local brand, high-quality business relationships, repeat clients, excellent lawyers and great growth potential.
“Our vision is to create an ecosystem which ensures small to mid-sized law firms have a sustainable future by taking away the burden of regulation, insurance, financial management, technology and administration.
“I see significant potential to grow Bamboo and expect this to be the first of a series of acquisitions.”
The undisclosed acquisition was facilitated with a credit facility from specialist litigation funder Harbour.
Source: BusinessLive
