Cardiff-based law firm Thomas Simon has been acquired by Gordon Dadds, which also has a major base in the Welsh capital.
The acquisition will see Thomas Simon merge with the Cardiff office of Gordon Dadds at a new location in the city.
Gordon Dadds recently moved its central Cardiff client-facing business into new modern offices in anticipation of further expansion.
The purchase of Thomas Simon will expand Gordon Dadds' Cardiff team by an additional 16 solicitors and 20 staff, including three trainee solicitors and several legal executives.
Adrian Biles, chief executive of Gordon Dadds Group, said: "We have been looking to expand our Cardiff front office operation so as to become a significant player in the Cardiff community.
“We are delighted to have been able to merge our Cardiff office with Thomas Simon’s, blending different skill sets to enhance the Gordon Dadds offering and grow the enlarged business.
“In addition, we should achieve economies of scale from merging the support functions over time.
“Cardiff is one of the fastest growing cities in the UK and is becoming an increasingly significant financial centre outside London.
“We feel there is a great opportunity for us to grow and prosper in Cardiff and to offer exciting career prospects to local legal professionals.”
The newly expanded team in Cardiff, which will be led by Rupert Thomas and Paul Simon, will be based at 47 Charles Street.
Other Thomas Simon directors will also become partners alongside the existing team of Robert Biles and Nigel Morgan, with Simon Morgan in a senior role in commercial property and Susan Williams joining the renowned Gordon Dadds family team headed by Wendy Hopkins.
Thomas Simon specialises in commercial property, corporate, dispute resolution, private client and family law.
Gordon Dadds is buying the whole share capital of Thomas Simon for £187,500 on completion and 20 quarterly instalments thereafter, plus an amount related to that realised for debtors and work-in-progress, payable quarterly as realised, and other net tangible assets.
Rupert Thomas, chairman of Thomas Simon, added: “This is a rare opportunity to create a new force in the legal market in Cardiff and I am looking forward to working with Adrian and his team to realise the opportunity.”
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