Irwin Mitchell betting on private client work to drive growth post-Thomas Eggar merger
Irwin Mitchell and Thomas Eggar leadership on their plans to accelerate the growth of the recently combined firm
March 22, 2016 at 09:29 PM
5 minute read
Irwin Mitchell is aiming to "attack the private client area" to drive growth following its merger with Thomas Eggar, according to Irwin Mitchell regional managing partner, and former Thomas Eggar managing partner, Victoria Brackett.
Three months on from the merger and Brackett and Irwin Mitchell chief executive Andrew Tucker are starting to flesh out their plans for the combined firm to boost its revenue of around £210m still further.
Growing the combined firm's private client practice is central to their strategy and according the Tucker and Brackett, part of the rationale for the deal. Brackett says, prior to the merger, "both firms had produced remarkably similar strategies to attack the private client area".
Thomas Eggar has traditionally been strong in the private client area, while for Irwin Mitchell it is a relatively new part of its offering, added when it acquired Mayfair-based private wealth boutique Berkeley Law in 2014. The deal gave it access to a roster of high net worth clients.
Tucker says: "We are putting together the two businesses, Berkeley Law which has a stronger international focus, and Thomas Eggar which has a larger UK private client business."
"We are developing our strategy to build those two sectors through further investment in the immediate future," he adds.
Brackett says that the merger with Irwin Mitchell has also expanded Thomas Eggar's "armoury" in the private client sphere, adding to its ability to advise clients on issue such as pensions and immigration, thanks to Irwin Mitchells' capabilities in these areas.
She adds that the firm is targeting entrepreneurs with fast growing businesses where it can sell its private client work and its business services work, often using the former as a way into the later. "That intersection between business services and private services is a really strong selling point of the business – and I think that entrepreneurial space has a lot of opportunity for us," she says.
The firm is also looking to grow its personal injury (PI) business in South East England, by taking advantage of Thomas Eggar's five offices across the region.
"We know from past experience of opening offices around the UK that we will increase our [personal injury] market share if we have people servicing the market locally," says Tucker.
While the plans for how to do this are still being formulated, Tucker says that options include recruiting people, using existing Thomas Eggar staff or moving legacy Irwin Mitchell staff into the Thomas Eggar offices.
Another option for expanding this side of the business touted by those in the market would be to pick up lawyers, a team or maybe whole businesses from financially troubled rival Slater & Gordon. In February the Australian firm announced plans to cut back its UK network of offices as it racked up a global after-tax loss of A$958.3m (£493m).
But Tucker declines to answer questions about whether Irwin Mitchell would make a move to absorb any of Slater and Gordon's UK operations. "We don't talk publicly about our competitors," he says.
How much growth the firm can achieve from all, or any, of these steps is unclear. Tucker declines to put a figure on what he thinks the firm is capable of delivering, which will make it difficult to judge if his plans have been a success.
Work in progress
All of these plans will, however, have to wait while the two firms go through the process of integration which Tucker says is a "work in progress".
As part of this process the firm has set up an integration committee, consisting of Brackett, a project manager, the CEO of the business legal services (BLS) division, Niall Baker, and the CEO of the personal legal services (PLS) division, Craig Marshall.
Brackett has also joined the firm's executive board, alongside Tucker, CFO Andrew Merrick, Baker and chief executive of corporate and commercial litigation Mark Higgins from the BLS side of the firm, and Marshall and managing partner of Irwin Mitchell's person injury division, Stuart Henderson, from the PLS side of the firm.
When asked about possible redundancies, particularly among business support staff, as a result of the integration Tucker says: "We don't talk publicly about any of those issues, the right thing to do is to have the conversation and make the decision and talk to people who are concerned about it first."
He adds: "We'll let the people know in the business before we let the press know."
Brackett says that there has been a deliberate policy of not replacing staff at Irwin Mitchell in the run up to the merger, with the hope that Thomas Eggar staff will be able to fill the gaps.
There are no plans to cut lawyer numbers and Brackett says that all 21 Thomas Eggar equity partners joined the equity at Irwin Mitchell, while its salaried partner ranks joined the firm as fixed share partners.
The integration changes are due to complete before 1 May.
It is understandable that the firm is taking its time to get the structure and systems right. The stakes are high as it bets heavily on being able to cross-sell its business services to its substantial book of private clients.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllX-odus: Why Germany’s Federal Court of Justice and Others Are Leaving X
BCLP Hires Baker McKenzie Financial Disputes and Investigations Partner
2 minute readMintz Adds 3 New Partners in Toronto, Bringing Its Canadian Office Lawyer Head Count To 35
4 minute read'Headaches,' Opportunities Ahead for Corporate and Trade Lawyers Advising Foreign Businesses
4 minute readTrending Stories
- 1South Florida Attorney Charged With Aggravated Battery After Incident in Prime Rib Line
- 2'A Death Sentence for TikTok'?: Litigators and Experts Weigh Impact of Potential Ban on Creators and Data Privacy
- 3Bribery Case Against Former Lt. Gov. Brian Benjamin Is Dropped
- 4‘Extremely Disturbing’: AI Firms Face Class Action by ‘Taskers’ Exposed to Traumatic Content
- 5State Appeals Court Revives BraunHagey Lawsuit Alleging $4.2M Unlawful Wire to China
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250