Excello Law, a leader in the consultancy law firm space, has taken a pioneering leap in its growth strategy with the acquisition of the established fee share firm My Business Counsel (MBC), also one of the early adopters of the model. This unique acquisition marks the first step in the consolidation of the fee share model. The acquisition is believed to be the largest of its kind within the dispersed consultancy model, and the ninth law firm acquisition completed by the Excello team, increasing Excello’s team to 200 lawyers.
Established in 2011 by the founders Sandip and Rasneet Sohal, with lawyers based in London and the Midlands, MBC has grown to a turnover of £2.5 million and 40 consultant lawyers with its core focus on corporate and commercial work.
George Bisnought, founder and CEO of Excello Law, commented: “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 MBC’s central business support. We were impressed with MBC who share our values and belief in the future of the fee share model. I am proud that Excello Law continues to set itself apart in the new model space with its commitment to a growth strategy centred on recruiting the best lawyers rather than one focused purely on numbers of lawyers.”
Rasneet commented: “We are delighted to join Excello, whose reputation and business model aligns with that of MBC. Excello is an ambitious firm, which we chose for its strong values. 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.”
Sandip commented: “I am proud of MBC’s 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. I am delighted to have found in George and the team at Excello a like-minded and innovative business that continues to pioneer smarter working within the profession with a focus on integrity and transparency. 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.”
MBC consultant lawyers will benefit from the free to use national office network at Excello Law, which now covers 10 locations in London, the Midlands, the north west and north east, as well as a buoyant rate of internal referrals and a range of support services including complimentary secretarial and admin resource and the Excello Wellbeing programme.
MBC joins the Excello Law group which includes Excello Libertas, the first law firm platform to offer consultancy teams the opportunity to operate through their own brand supported by a full suite of back-office services.