Knights (KGH) is continuing to build scale, having acquired commercial litigation law firm ERT Law Limited for £1.8m. Half the consideration will be paid in cash alongside the issue of 262,899 new ordinary Knights' shares worth £900,000.
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Counting blue-chip and FTSE-listed companies as clients, ERT extends Knights’ presence in Birmingham following the acquisition of Emms Gilmore Liberson in November. Expected to deliver a pre-tax profit margin of more than 20 per cent once integrated, Knights is guiding that ERT will enhance group earnings in the first financial year post acquisition. The addition of 24 fee earners brings the group total to 633.
