Frenkel Topping Group has announced the acquisition of A & M Bacon and Partners in Costs (PIC) – two civil and commercial litigation businesses in the same group. The businesses will now be sister companies to Frenkel Topping Ltd.
The acquisitions mark another key milestone in delivering on Frenkel Topping’s plans to consolidate the professional services market by identifying complementary businesses in the Personal Injury and Clinical Negligence market place.
PIC and A & M are involved with with lawyers in the early stages of a claim and then when the case settles, and also act for Professional Deputies drafting their cost bill.
Bringing PIC and A&M Bacon into the wider Group will enhance the Company’s chances of winning the Assets Under Management mandate in the result of a successful claim. This concurs with the Group’s strategy to give financial advice to recipients of large personal injury/clinical negligence awards and to manage the damages within the Group’s discretionary asset management business. Both companies deal with mid-size law firms that are expected to settle high value claims.
PIC was established as Northern Costing in 1996 and incorporated in 2001 with an office in Doncaster and clients nationwide. They currently employ 52 staff and specialise in civil litigation claims, including personal injury (ranging from catastrophic injury to clinical negligence), professional negligence, commercial claims and court of protection costs.
A & M Bacon was incorporated in 1999 and is based in Doncaster. They currently employ 12 staff. They are a leading costs firm dealing with commercial litigation, immigration claims, planning disputes, ATE premium recovery and personal injury claims for both defendants and claimants.
Reuben Glynn and Teresa Aitken will remain with the Group in their roles, with Reuben Glynn as Chief Executive of A&M Bacon and Teresa Aitken as Chief Executive of PIC.
PIC and A & M employ 64 staff with their head office in Doncaster and clients nationwide. The total value of the acquisitions is around £9m.
Work starts now in terms of bringing them into the FTG family.