Solicitors report signs of optimism
LAW firm Harrison Clark Rickerbys has reported signs of economic momentum.
The company's half-year results show transactions worth a combined £142.4 million were handled by its 19-strong team in the first half of 2013.
This is down to an increase in business optimism and approach of companies needing legal expertise in areas such as corporate acquisitions, restructures, disposals and investments, the firm, which has offices in Cheltenham, said.
Key recent projects have included the £8 million management buyout of Teamsport Racing, Europe's biggest chain of go-karting tracks; acting for US manufacturing company Precision Castparts Corp in its disposal of a UK and Asian subsidiary; and the £600,000 acquisition of software solutions company Feedback Data plc by Belgravium Technologies plc.
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Rod Thomas, Harrison Clark Rickerbys' managing partner and head of business services said: "We provide advice across a huge range of market sectors, to companies both large and small, and all types of corporate and commercial transaction.
"While there is continued cautiousness in the market, in the past six months we have noticed an increase in general transactional activity as companies look to improve their prospects for the future. In addition the mood among business owners and operators is in many cases more buoyant.
"Clients are continuing to conduct quite lengthy due diligence exercises before committing to major developments, but they are regarding changes and opportunities with more optimism." Harrison Clark Rickerbys has 350 staff and partners based in Cheltenham, Worcester, Hereford, Ross-on-Wye and the Thames Valley.
The firm was formed in April 2013 following a co-operation agreement between the long established regional law firms Harrison Clark Ltd and Rickerbys LLP.