Twenty-two jobs have been saved at a Lancashire law firm after Linder Myers bought Dickson Haslam out of administration for an undisclosed sum.
Dickson Haslam, which has offices in Preston and Lytham, appointed corporate rescue and recovery specialists Begbies Traynor after a fall in transactions led to reduced income and cash flow pressure.
The sale, negotiated by Dean Watson, a partner at Begbies Traynor, saves all 22 jobs at the firm and gives Linder Myers, based in Lytham, a presence in Preston for the first time.
It is part of Linder Myers’ ambitious plans to increase fee income to £25m by 2015.
Mr Watson said: “The whole legal sector is undergoing significant change at the moment and, as a result, a number of smaller independent practices are struggling.
“At the same time, larger firms are gaining in confidence as the economy slowly recovers, leading to firms like Linder Myers looking for acquisitions to fuel their growth.
“This deal protects the jobs of all those at Dickson Haslam while also providing a good fit for Linder Myers as it seeks to achieve its own ambitious growth targets.”
Diane Rostron, senior partner at Linder Myers in Lancashire commented: “Dickson Haslam has gained an enviable reputation for providing quality legal services in Lancashire with a long history in the region. I am pleased to welcome the new teams to the business and look forward to building on our combined strengths as we continue to grow the practice.”
Dickson Haslam directors, David Southern and Raymond Green, said: “Dickson Haslam has been providing legal services in Lancashire for more than two centuries however, the current market has been the most challenging in the history of the firm.
“Linder Myers proved a good cultural and business fit for us with a strong infrastructure allowing us to better service clients and we look forward to working with our new colleagues.”