A Birmingham law firm has been bought out by growing legal group Excello Law.
My Business Counsel has been acquired by the national legal practice which offers a consultancy service, allowing its lawyers to fee share and benefit from greater flexibility in their working day.
The acquisition is the ninth by Excello Law, increasing the team to 200 solicitors, and it is believed to be the largest of its kind within the dispersed consultancy model.
Sign up for your free West Midlands newsletter and follow us on LinkedIn
Email newsletters
BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire.
Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates.
We will also send out 'Breaking News' emails for any stories which must be seen right away.
For all the latest stories, views and polls, follow our
My Business Counsel, which is based in Colmore Circus and also has an office in London, was one of the early adopters of this type of fee model.
It was founded in 2011 by husband and wife team Sandip and Rasneet Sohal and has grown to a turnover of £2.5 million and 40 consultant lawyers, with a core focus on corporate and commercial work.
Mrs Sohal said: "We are delighted to join Excello, whose reputation and business model aligns with that of ours. We look forward to moving forward as one entity.
"Through Excello's scale, our lawyers will benefit from a wider array of resources allowing them to focus on the service to their clients which will in turn contribute to the growth of the Excello Group."
Most Read
Mr Sohal added: "I am proud of our growth to date and, having built a strong business over a number of years, it is the right time to join Excello whose growth journey we have followed in this legal space.
"Excello's scale, ambitious growth plans and ability to invest will enable us to unlock significant growth potential and we look forward to achieving this as part of a larger group."
George Bisnought, founder and chief executive of Excello Law, said: "This is an exciting development in our growth strategy.
"We continue to grow both organically and by acquisition and we are currently exploring other similar opportunities in the market. We're delighted to welcome all the team, including My Business Council's central business support."
London-headquartered Excello Law was founded in 2009 and has offices across the 海角视频, including an operation in Birmingham which launched in 2019.
Terms of the deal were not disclosed.