Law firm Iliffes Booth Bennett Solicitors (IBB Solicitors), with 17 specialist practice teams and clients including Aviva and Xerox(UK), has merged with Turbervilles Solicitors, which has particularly strong legal expertise in private client services, Family and Childcare, Commercial and Park Homes. Turbervilles’ client-base includes National Caravan Council, Symrise Limited, WMF UK Ltd and Parexel International.
Harwood Hutton Provides Financial and Tax Advice in Law Firm Merger
Harwood Hutton played a key role in the £20m merger between Iliffes Booth Bennett Solicitors (IBB) and Turbervilles Solicitors which came into effect on 1 January 2018.
The move creates a regional powerhouse firm serving clients in the Thames Valley and western Home Counties.
Harwood Hutton is a multi-disciplinary firm of chartered accountants, corporate finance specialists and tax advisers with offices in Beaconsfield and central London. It provided advice on corporate and personal tax and on regulatory aspects of the deal.
Harwood Hutton serves corporate and personal clients from all over the world and across a variety of business sectors, notably the property and IT fields. The firm is a Global 100 Recommended Expert and picked up a string of awards in 2017, including UK Corporate and Tax Adviser of the Year.
Harwood Hutton directors Adam Stronach (pictured) and Cormac Marum were invited by Turbervilles to consider the corporate taxation and regulatory implications of the merger. Personal tax specialist Nikki Davies was also involved in the process.
“We at Harwood Hutton have considerable knowledge of legal professional practices and the changing commercial landscape for them over the past few years in the wake of the Legal Services Act”, said Adam Stronach. “We are very familiar with the changes in regulations concerning ownership and participation in law firms.
“Turbervilles has been a client of ours for many years, and we have worked alongside both Turbvervilles and IBB on many mutual client matters, including corporate finance, taxation and forensic engagements.
“We were delighted to support Turbervilles as it entered into the talks with IBB, and this included considering questions on SRA regulations and engaging with IBB’s professional advisers over the taxation aspects when two law firms come together. We wish the combined firm every success for the future.”
Russell Hallam, Managing Partner at Turbervilles, said: “The support of the HH team to me and the firm during the lead up to the merger was outstanding, and as the business moves forward we look forward to maintaining a fruitful relationship for the benefit of both IBB and Harwood Hutton.”