Deal Announcement: Corbett Keeling advised Doyle Clayton on its sale to an Employee Ownership Trust

“The transition to employee ownership has been a long time in the planning, including seeking approval from the Solicitors Regulation Authority ("SRA") to the structure of the business. We’re delighted to be one of the first law firms to transition to this ownership structure which manages to retain the best parts of the traditional partnership structure but without the associated exclusivity. Doyle Clayton is proud to join the increasing numbers of businesses that have chosen employee ownership as the way forward, and we’re particularly happy to be an early adopter in the legal sector.”

Peter Doyle, CEO, Doyle Clayton

“For Doyle Clayton an EOT transaction was the best exit option for the owners who wanted to be able to transition the business to new ownership and allow staff to participate more directly in the success of the firm. We were delighted to access and structure debt finance for this transaction and ensure Doyle Clayton is well funded for future success.”

Harry Knight, Corporate Finance Director, Corbett Keeling