Law firm enters new markets with £11.5m

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Law firm Knights plunged again, this time acquiring Langleys, which is headquartered in York but has a major office in Lincoln, for £11.5million.

Langleys, founded in 1890, brings 72 additional employees to the Knights. The business, which has a turnover of around £14m a year, has particular strength when it comes to private wealth. Langleys also operates a children’s law legal aid business and a volume residential property conveyancing business through a subsidiary, Home Property Lawyers (HPL), which has 5 and 64 employees. These companies are included in the deal, but Knights says they are “not essential” to its strategy and that “strategic options for them will be considered.”

David Beech, CEO of Knights, said: “We are delighted to announce the acquisition of Langleys, a leading company that has a strong cultural fit with Knights and expertise closely aligned with our existing services. The acquisition positions us to become the leading law firm in York and provides a solid foundation for organic growth in the East of England through Lincoln as we continue to strengthen our position as a leading legal and professional services business outside of London.

Tim Cross, Partner at Langleys, added: “Having built a solid reputation over the years, now is the right time to join Knights, whose growth journey we have followed in York and elsewhere in the regions. We believe the scale, ambition and investment capacity of Knights will allow us to unlock significant growth potential and we look forward to achieving this as part of a larger group.

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