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Partners Wealth Group merges legal division with Nick Stretch Legal
The legal division of Partners Wealth Group has merged with a Victoria-based boutique firm to form Partners Legal Solutions, in a move to help both firms expand their client service offerings
Lauren Croft
Independently owned financial advisory services firm Partners Wealth Group (PWG) has merged its legal division with Nick Stretch Legal to form a new joint venture – Partners Legal Solutions, which will provide “next-law legal services” and “capture the best of traditional and modern legal practices”, according to the firm.
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Partners Legal Solutions managing partner Nick Stretch said that his firm would continue to operate as a boutique, as well as for PWG.
“We practice as a traditional boutique law firm, but also as in-house counsel to Partners Wealth Group,” he said.
“As well as servicing our independently sourced clients, we will also act as part of the multi-disciplinary advisory team for the many clients referred by the PWG network of financial advisors and partnered accounting firms.”
PWG managing director Mathew Cassidy said that the merger would be effective from this month.
“Most law firms will simply look at your legal requirements in isolation, without collaboration with your accountant and financial advisor,” he said.
“Having an in-house firm means faster collaboration and quicker resolutions – rather than dealing with multiple parties. With Partners Legal Solutions you now have a single point of contact coordinating across all professional services.”
As a result of the joint venture, Partners Legal Solutions will be expanding its service offering to clients, including new services such as M&A, corporate compliance, commercial litigation, insolvency and reconstruction, IPOs and listings, and on-market capital raising.
“We are welcoming a new and exciting opportunity for PWG to expand its services and gain a greater depth of expertise. We still have the ambition to be the most trusted voice in independent wealth management,” Mr Cassidy added.
