RSM UK advises management buyout of North East law firm
26 June 2023
RSM UK has advised law practice McDaniels Law on its management buyout for an undisclosed sum to support future growth of the business.
McDaniels Law was established in Newcastle in 2005 by Niall and Rozanna Head-Rapson. Now based in the Northern Centre in Gateshead, with an office in Cumbria, the business specialises in intellectual property law, acting on behalf of clients across the UK and internationally. It is the only Chambers ‘Band 1’ rated intellectual property practice in the North East.
RSM has advised managing director Kelly Hudson, who had been at McDaniels Law since August 2008. She, along with the management team and all existing employees, will continue to run the firm’s existing operations under a newly created company called MDL Holdings Limited. The buyout will support the firm’s long-term growth ambitions.
RSM’s tax teams in Newcastle advised on the deal, which was led by tax partner Richard Urron, with support from director Andy Graham. Emma Pern, partner at Sintons LLP, provided legal advice.
Rich Urron, tax partner at RSM, said: ‘We are delighted to have supported Kelly and the wider management team at McDaniels Law on this buyout deal. The firm is a well-respected specialist in the intellectual property sector and we are proud to have supported a local business on a deal which sees succession continuity – enabling them to realise their growth plans. It is an exciting time for the business, and we look forward to seeing how it develops in the coming years under Kelly’s leadership.’
Kelly Hudson, managing director at MDL Holdings Limited, said: ‘We are looking towards future progression and building on the excellent reputation the firm already has in the intellectual property sector as well as future growth of the firm. Both RSM and Sintons provided great assistance in seeing the buyout over the line and we are looking forward to a bright future for the firm.’
McDaniels Law was established in Newcastle in 2005 by Niall and Rozanna Head-Rapson. Now based in the Northern Centre in Gateshead, with an office in Cumbria, the business specialises in intellectual property law, acting on behalf of clients across the UK and internationally. It is the only Chambers ‘Band 1’ rated intellectual property practice in the North East.
RSM has advised managing director Kelly Hudson, who had been at McDaniels Law since August 2008. She, along with the management team and all existing employees, will continue to run the firm’s existing operations under a newly created company called MDL Holdings Limited. The buyout will support the firm’s long-term growth ambitions.
RSM’s tax teams in Newcastle advised on the deal, which was led by tax partner Richard Urron, with support from director Andy Graham. Emma Pern, partner at Sintons LLP, provided legal advice.
Rich Urron, tax partner at RSM, said: ‘We are delighted to have supported Kelly and the wider management team at McDaniels Law on this buyout deal. The firm is a well-respected specialist in the intellectual property sector and we are proud to have supported a local business on a deal which sees succession continuity – enabling them to realise their growth plans. It is an exciting time for the business, and we look forward to seeing how it develops in the coming years under Kelly’s leadership.’
Kelly Hudson, managing director at MDL Holdings Limited, said: ‘We are looking towards future progression and building on the excellent reputation the firm already has in the intellectual property sector as well as future growth of the firm. Both RSM and Sintons provided great assistance in seeing the buyout over the line and we are looking forward to a bright future for the firm.’
