Full service national firm Harrison Clark Rickerbys (HCR) has absorbed City of London-based restructuring and insolvency (R&I) specialist Sprecher Grier in a merger announced today.
According to the firms, the deal will create opportunities for growth in the London market for HCR while broadening Sprecher Grier's services offering.
The combined firms will be known in London as Harrison Clark Rickerbys inc Sprecher Grier. Sam Payne will lead the merged firm’s national R&I practice. Sprecher Grier partner Daniel Sejas will lead the R&I group in London. HCR’s London team will move into Sprecher Grier’s offices off Bishopsgate.
Financial details have not been dislosed.
HCR has more than 500 employees and partners at offices in Worcester, Cheltenham, Birmingham, Hereford, the Wye Valley, the Thames Valley, Cambridge and central London.
Sejas said: ‘From Sprecher Grier’s perspective, this will enable us to continue to offer our clients our impeccable legal services, significantly strengthen the combined firms’ R&I offering, and also enable us to offer our clients first rate additional legal services in other areas of law needed by national and international businesses.’
In its most recent accounts, for the year ending March 2018, HCR reported a profit before tax of £3.9m. The most recent accounts for Sprecher Grier, published in November last year, note that the directors had opted ‘not to include an income statement’.