London firm Mishcon de Reya and Cambridge-based business Taylor Vinters have announced that they have entered a strategic combination in order to create a new business, MDR Taylor Vinters, set to be led by the Taylor Vinters Management Team.
The partnership has come after both firms outlined their ambition to become “technologically transformed” as well as to be a “disruptive” innovator in legal and consultancy services.
Taylor Vinters operates in the key UK innovation hubs of Oxford, Cambridge and London and has seen revenues grow by over 40% in the past three years.
Over the past five years Mishcon has launched MDR LAB, invested in a number of legal tech start-ups, created the M:Tech programme for early-stage tech companies, launched the Innovation department, launched legal technology consultancy MDRxTECH and invested in a data science capability.
The company has said the strategic combination delivers on both firms’ strategies to support the innovation economy and “accelerate their growing share of the innovation, technology and life-sciences legal and consultancy services market in the UK and in key international innovation hubs globally”.
It added: “The long term vision of the Mishcon de Reya and Taylor Vinters teams is to establish the MDR Innovation Hub which will bring together MDR Taylor Vinters, MDR LAB, MDRxTECH and utilise the data science expertise Mishcon has built into a centre of excellence for the innovation economy.”
Kevin Gold, executive chairperson of Mishcon de Reya said: “This strategic combination is the culmination of years of thinking about how best to develop our business in the innovation space.”
Matt Meyer, CEO of Taylor Vinters commented: “We have been on a fast growth trajectory and are ambitious for what our business can achieve. It was clear from the first conversation with Mishcon de Reya that together we could create a platform to accelerate our shared strategy for the innovation economy and fulfil our ambitions.”