Druces continues on acquisition trail
London law firm Druces has continued on its path of acquisition, with the news that it is to merge with London-based law firm Sykes Anderson Perry.
The merger brings in GBP1.6 million in additional fee income for the firm’s private client and real estate practices, plus four directors (who will become partners or consultants at Druces), seven fee earners, three secretaries and two business services staff.
Sykes Anderson Perry co-founder Christopher Sykes is a real estate specialist in the field of Leasehold Enfranchisement, and author of the Law Society book on the subject. He will be joined in the Real Estate team by residential property Partner, Gemma Wright, together with two Senior Associates.
In terms of private wealth, the merger adds to the existing Druces’ Private Client and International Wealth & Fiduciary team with the addition of Consultant and co-founder, David Anderson, an international private client tax specialist, and Partner Nicole Gallop Mildon, who is dual-qualified in England and France and advises on UK and cross border private clients as well as French real estate issues. She works closely with a dual-qualified Spanish Abogado/English Solicitor who is also joining the Private Client team.
This merger follows on from Druces’ merger with Ronaldsons last year, which significantly bolstered the firm’s Capital Markets practice. Druces is now ranked 15th for the number of AIM-listed clients and second in the UK for the number of AIM-listed clients in the Basic Materials sector.
Roy Campbell (pictured), Senior Partner at Druces, says: “It’s an exciting time for the firm. Following five years of double-digit financial growth, Druces re-entered The Lawyer’s ranking of the UK’s top 200 law firms (by fee income) last year. Our merger significantly strengthens two of the firm’s core areas, Private Client and Real Estate. Sykes Anderson Perry is a natural fit for us with similar culture and values. We look forward to welcoming them to the firm.”
Christopher Sykes, Co-Founder of Sykes Anderson Perry, says: “We are delighted to be merging with Druces. We are confident that this merger will complement our existing strengths, and deliver an enhanced offering with a broader range of services for the benefit of our clients. I can only see a positive outcome for our clients and we are looking forward to joining our new colleagues at Druces.”