Image © 2021. All copyrights © remain with Glaisyers Solicitors LLP. Image shows David Jones, Executive Partner & Head of Litigation at Glaisyers, John Abbott FCIArb, Managing Partner, Arbitrator, Dispute Resolution lawyer, and Mediator at Laytons LLP and David Marlor, Managing Partner & Head of Property at Glaisyers.
ETL Global has acquired the Top 200 law firm Laytons LLP.
The deal has more than doubled ETL Global’s footprint in the UK legal sector. Laytons will join Glaisyers as part of the ETL Global UK network and continue to provide an outstanding legal service together.
Laytons, a 30-partner firm, employs 66 people. Glaisyers, a national firm that was established in Manchester in 1974 and has grown rapidly since being acquired in a management buy-in backed by ETL Global in 2018, employs 68 people.
John Abbott, the managing partner at Laytons, said, “I couldn’t be happier to have completed this deal and to be embarking on a new chapter in Laytons’ history. It’s a real win/win for all involved and I anticipate a bright future for our staff, partners, and clients as we move ahead.
“Becoming part of a global network is going to open up huge opportunities for us in the years ahead. I look forward to working with Glaisyers, and our ETL partner firms in the UK and around the world, to make the most of those opportunities and achieve new levels of success.”
Laytons remain operationally independent and existing managing partner John Abbott will continue to lead the firm. Both firms will be rebranding as ‘Glaisyers | ETL Global’ and ‘Laytons | ETL Global’ respectively.
Following the deal, Glaisyers will provide business development support to Laytons, which will also benefit from ongoing financial investment into the firm, with the backing of ETL. In particular, there are plans already drawn up to make a major investment in the London firm’s technology infrastructure.
David Jones, an executive partner at Glaisyers, commented, “I am thrilled to have completed this deal and to welcome Laytons to the ETL family. John Abbott continues to do a superb job as a managing partner and I look forward to working together as we help each other to grow our respective businesses over the years to come.
“Our firms have complementary strengths and client bases, and Laytons has a very strong, well-established international practice which puts it in a fantastic position to thrive as part of the ETL Global network.”
Following the deal, Laytons have joined the ETL Global network. ETL is a European-cultured, professional services firm with offices in 50 countries and with more than 45 years of history and a strong SME focus. In the UK, ETL Global is particularly active in the accountancy sector, with Glaisyers, and now Laytons, leading its expansion into the UK legal services market.
Sara Brassington, Managing Director at ETL Global UK, said: “This is a fantastic development for ETL Global. It is an important milestone for ETL Global UK which will continue to spearhead our ambitious plans into the UK legal sector and I look forward to supporting Laytons and the team to achieve growth and development under ETL’s ownership. We have had a brilliant reaction from our global team and partners to this latest addition. I’m confident that Laytons will deliver added value to our partners and clients and drive future growth for our UK network.”
Glaisyers’ and Laytons’ own corporate departments handled the legal aspects of the transaction. Corporate finance advice on the deal was provided by ETL Global UK.