Frenkel Topping has entered a 50:50 joint venture between its IFA arm and law firm Pattinson Brewer, taking its partnerships to five in the personal injury and clinical negligence space.
In a statement today (August 24), the group said its IFA division, Frenkel Topping Limited, and Pattinson Brewer will provide services jointly under the trading name Pattinson & Brewer Financial Services with the aim of delivering a 'consistently caring' legal and financial advice service to clients after injury.
Frenkel Topping will become Pattinson Brewer's preferred partner for clients who require investment advice post settlement and Pattinson & Brewer Financial Services will extend its services to meet the needs of clients.
Mark Holt, managing director of Frenkel Topping Limited, said: "We have known and worked with the Pattinson Brewer team for many years. They are a highly respected firm who champion their clients' cause, a principal which we share.
“Pattinson Brewer will provide life-after-settlement investment advice, which is often essential after a life-changing injury. Our partnership is expected to support future growth through new client wins adding to our assets under management."
The arrangement is the latest in Frenkel Topping's strategy of partnering with firms in the personal injury and clinical negligence space.
Last year, Frenkel Topping raised £13m as it set its sights on further acquisitions in the personal injury and clinical negligence markets.
Last week, it purchased legal costs consultancy Bidwell Henderson Costs Consultants in a deal worth £1.48m.
In February, the firm secured two acquisitions worth a combined £9m as the advice firm doubled down on its growth efforts in these markets.
Pattinson Brewer was established in 1890 and has strong links with the UK’s trade unions. The team continues to work with the country's biggest trade unions but also directly with thousands of individuals after an accident or serious injury.
Both Frenkel Topping and Pattinson Brewer have experience in personal injury and offer a combined 160 years' experience in the professional services field.
Jane Radcliffe, managing partner of Pattinson Brewer, said: "We are delighted to partner with Frenkel Topping, whom we have trusted over the years to deliver IFA services and care to our clients who have required investment advice post settlement.
“We have a similar culture and our clients remain at the core of everything we do, which was an essential consideration when partnering with Frenkel Topping. This joint venture solidifies our relationship and provides our clients with broader services and supports our growth strategy."
Through Frenkel Topping’s IFA business, the firm supports litigators pre-settlement in achieving the right outcomes, by providing expert witness services, and post-settlement to achieve the best long-term financial outcomes for clients after injury.
Richard Fraser, chief executive officer of Frenkel Topping, said: “As part of our strategy to grow our core business, Frenkel Topping Limited, we have been aiming to deepen and strengthen relationships with partners who share our values.
“Pattinson Brewer have a clear purpose and set of values that put their clients at the heart of everything they do. These partnerships expand our significant network of new business referrers and demonstrates our commitment to innovate and enhance our services, which ultimately will support our objective to increase shareholder value."