Knights, a legal and professional services business with offices across the North West, has acquired the Exeter-based niche commercial law firm OTB Eveling. Unaudited accounts for the 2019/2020 tax year show that OTB Eveling turned over £2.1 million.
The deal (£2.1 million) will add a further seventeen fee earners to Knights and enable the business to enter another key legal services market outside of London.
Currently, Knights turns over £46 million with a £6 million EBITDA. Over the last six months, revenues have increased by 44%, and trading is nearly back to pre-Covid levels.
Knights’ Chief Executive, David Beech said that “We are delighted to enter a sizable market for regional law today with the acquisition of OTB Eveling, an independent law firm with a strong cultural fit. Based in Exeter, the acquisition will provide us with a platform for future growth in the South West as we continue to build our position as the leading legal and professional services business outside of London.”