Growing Peterborough law firm is eyeing new acquisitions
A Peterborough law firm is poised to make new acquisitions after securing a £5 million investment.
Taylor Rose, based in Stuart House, in St John’s Street, has secured equity backing from John McMillan, founder of solicitors McMillan Williams (MW), and Colum Smith, former chief executive of MW.
It comes after Taylor Rose acquired McMillan Williams last year following MW’s fall into administration.
That deal has transformed Taylor Rose, doubling its size into a £60 million business employing 900 staff working out of 32 offices.
Adrian Jaggard, chief executive of Taylor Rose, said growth by acquisition was now a key part of his business plan.
He said: “We are starting conversations with four firms.
“The credibility, buying power and efficiency we have make us a very attractive proposition.”
Mr McMillan said: “Adrian and his team have built a great business that has grown at a phenomenal rate over several years.
“The combination with McMillan Williams offered our staff a fresh start and created a unique three-tiered offering in the market of local, national and consultants-based services that we believe will feed off each to make the whole even greater than the sum of its parts.”
Mr Smith said: “Taylor Rose MW is a forward-thinking firm that understands the demands of the modern legal market from the clients and lawyers prospective.
“We are now uniquely positioned to challenge slower-moving incumbents and continue to deliver first-class legal services.”