THE UK’S largest regional legal services business has arrived in Reading.
Knights has completed its acquisition of IBB Law for an initial £21m, bringing more than 140 professionals to teams in Reading and the south east.
They will join teams in nearby Newbury, Oxford, and Weybridge.
The total value of the acquisition is £30 million: this comprises an initial £21 million and an additional £9m paid in three annual instalments subject to conditions.
David Beech, CEO of Knights, said: “Welcoming the team to Knights is a significant moment for our business. Bringing so many talented professionals to Knights gives us even more opportunity to offer great service at an unrivalled scale.
“The strengthening of our presence in the South East also marks a milestone in our mission to be the business people turn to for professional services everywhere in the UK.”Our four new offices are a strong platform for growth and we can’t wait for the team to get going.”
Joanna DeBiase, Partner at Knights and former Managing Partner at IBB, said: “We are excited about joining Knights at a time of structural change in our industry, where being part of a business of scale with a premium, national reputation is ever-more important for all of our stakeholders – allowing us to provide broader services to our clients, strong career opportunities for our people, and to capitalise on our momentum, with the benefit of strong central support.
“We look forward to working closely with the team to unlock the significant market opportunities in the South East as part of the larger group.”
