Spencers Solicitors has undergone a management buy-out.
Current managing director Robert Landman (pictured, right) has acquired a majority stake in the business with previous owner John Spencer retaining a significant minority stake. Spencer will continue in his role as non-executive chairman.
Landman has been with the firm, which is a nationally recognised provider of personal injury services for claimants, for over ten years. He was appointed managing director in 2013.
John Spencer said: “When it is your name above the door, finding the right person to take on your business can be difficult. That is why I am delighted to be handing over the reins to Rob as I know the firm will be in very safe hands.”
“As an ex-President of the Association of Personal Injury Lawyers I take great interest in how the industry develops and firms behave. It is heartening to know that under its new leadership Spencers will continue to champion the rights of injured people across the country.”
Robert Landman said that the deal “represented the best of both worlds”.
“The management team and I can drive forward a number of initiatives to broaden out the advice the firm provides while retaining the input of John, one of the industry’s leading figures,” he said.
“We have worked hard to build a strong brand in the local region so alongside our award winning personal injury practice, we have plans to roll out a range of other legal services aimed at the local business community. It is an exciting time for the firm as we embark on the next chapter in our history,” added Landman.