Fairpoint to buy law firm Simpson Millar

In the latest ABS development, financial services company, Fairpoint Group, is to buy national law firm, Simpson Millar.

Financial services company, Fairpoint Group, is to buy national law firm Simpson Millar Zadorozhnyi Viktor

The Lancashire based group are now just awaiting SRA approval to get the go-ahead. Simpson Millar will still run under the existing management team but will operate as a business within the Fairpoint Group. Chris Moat, chief executive at Fairpoint said the company spent a 'considerable amount of time finding the right partner'. The chairman of  Fairpoint is David Harrel who was a founding and managing partner of city law firm SJ Berwin where he remains a consultant. Alternative business structures (ABS) came into being  in 2012 and 454 firms have made applications. Source: Solicitors Journal

Email your news and story ideas to: news@globallegalpost.com

Top