Business
FEN Announces Joint Venture with Lime Solicitors
FEN Announces Joint Venture with Lime Solicitors.
About this update from Frenkel Topping Group Plc
[{"type":"text","content":"\n\n31 July 2023\nRNS REACH\nFrenkel Topping Group plc\n(\"Frenkel Topping\" or the \"Company\" or the \"Group\")\nFrenkel Topping Partnership Programme Grows with Lime Solicitors Joint Venture\n \nFrenkel Topping Group plc (AIM: FEN), a specialist professional and financial services firm operating in the Personal Injury (PI) and Clinical Negligence (CN) space, is pleased to announce it has extended its 'Working in Partnership' programme with a 50:50 joint venture (JV) between its IFA arm and Lime Solicitors (\"Lime\"), reaching double digits in partner firms and expanding its work with the country's top-tier law firms.\nThe Group's 'Working in Partnership' programme has nurtured strong relationships in recent years with law firms who share the focus on 'the whole client' and recognise the importance of collaboration between key services and all affected parties after a life-changing injury. The Group now has 10 JVs with leading law firms. Over the financial year ending 31December 2022 the total AUM added from Frenkel Topping's JV partners was £32.7m which represents c.25% of total AUM added during the year. Mutually beneficial JVs is a core component of Frenkel Toppings five year growth strategy and the Company continues to work on further similar opportunities.\nThe joint venture sees Lime Solicitors, ranked in the Chambers Guide to the legal profession and in the Legal 500 as experts in their field, join with Frenkel Topping's independent financial advice division, to provide services under the trading name Lime Wealth Management Limited.\n \nPart of Shakespeare Martineau LLP, one of the 55 largest law firms in the country, Lime operates nationwide and specialises in personal injury, medical negligence inheritance disputes, power of attorney and deputy disputes and professional negligence issues.\n \nTwo senior partners at Lime, Tony Hannington and Mark Beesley will act as directors of the JV company alongside Chief Operating Officer, Mark Holt and Chief Financial Officer, Elaine Cullen-Grant from Frenkel Topping.\nWith the aim of delivering both a seamless legal and financial advice journey to clients involved in litigation after serious injury, the new joint venture combines the two firms' skills and resources in the specialist area of professional services.\nLime Solicitors is the latest partnership in Frenk...