Simpson Millar and Colemans-CTTS are set to merge and become one of the top consumer law firms in the UK.
The merger will take place on 14 August once the acquisition of Colemans-CTTS by Fairpoint Group is completed. Fairpoint, which bought Simpson Millar for an estimated £15 million in 2014, is to buy Colemans for £9 million.
“This is excellent news for Colemans and our clients,” says Roger Coleman, Senior Partner at Colemans. “We are delighted to be joining the Fairpoint group with our Colemans’ colleagues and look forward to meeting the legal needs of even more clients in the future.”
ZebraLC assessed the technical, operational and WIP due diligence of the Colemans’ personal injury and conveyancing departments.
Zoe Holland, the founder and managing director of ZebraLC (pictured), said: “It is fantastic for us to be involved in yet another landmark deal and coincides with the announcement of ZebraLC being shortlisted for a prestigious Lloyds Bank Business Awards in recognition of our innovation, excellence and unrivalled experience in legal sector M&A.”
On a pro forma basis Fairpoint’s enlarged legal service business will account for 62% of revenue once the deal goes through.