Fast-growing Midlands law firm FBC Manby Bowdler has secured a £30 million investment to fund ambitious plans to double its size in the next 18 months.
The move follows a period of impressive growth for the firm, which has bases across Shropshire and the West Midlands. Turnover has topped £16 million in the last year and is growing at over 10 per cent per year.
The £30m investment from Horizon Capital will fuel the expansion, which includes the creation of approximately 20 new jobs and the opening of a new office in Knowle, near Solihull.
FBC Manby Bowdler CEO Neil Lloyd (pictured) said the investment will further position the firm as a key player in the Midlands’ legal sector.
“We’re really excited about this investment which not only allows us to maintain our impressive growth trajectory but also creates exciting opportunities for our people and our clients.
“We will be broadening our range of services and this allows us to create centres of expertise across our expanded network.FB C Manby Bowdler will be the founding firm of Horizon Capital’s new Adeptio Law Group.”
Each firm in the new group will maintain its own identity, with Neil keen to emphasise that it is business as usual for FBC Manby Bowdler clients.
“This is a really positive move for our firm, for the 200 strong team we have here and for our clients. While they’ll continue to work with the same trusted teams they know, they’ll now have the backing of a larger, more diverse legal network. This means we can offer more comprehensive solutions to complex legal challenges.”
