Simpson Millar completes Colemans-CTTS acquisition
National law firm Simpson Millar has announced the formal completion of its acquisition of Colemans-CTTS, doubling its income and positioning the business as a market leader in consumer legal services.
- £9m transaction clears legal and regulatory approvals
- Company on target to meet three year £60m revenue growth plan
Simpson Millar now boasts a combined revenue in excess of £40m and strengthening market positions in key business lines including travel law, personal injury and property conveyancing.
With the backing of its parent company, Fairpoint PLC, Simpson Millar has become the largest trading operation within the business, accounting for more than 60%* of total group revenue.
Peter Watson, Managing Partner at Simpson Millar, says: “Our strategy of delivering clear, transparent and affordable legal services products to UK consumers, mirrors that of our new partners at Colemans-CTTS. The acquisition adds their complementary best of breed expertise and significant processing capability to our own. The result will be an increasingly efficient and responsive law firm, which delivers legal services in step with the needs and life events of consumers.”
Janet Tilley of Colemans CTTS adds: “We are so pleased to have completed this deal with Simpson Millar and we look forward to sharing best practice with our new partners. The legal services industry is changing rapidly and to be part of an organisation like Fairpoint which has the resources to help us realise our own objectives and build genuine scale within the consumer market is very exciting indeed.”