Joint venture marks first for law firm

A significant and exclusive joint venture has been agreed by Ludlow Wealth Management and Donald Race and Newton Solicitors, one of the most respected law firms in East Lancashire.

Operating under the name of DRN Financial Management LLP this venture is one of the first combinations of professional services of its kind in the East Lancashire area.

Donald Race and Newton Solicitors is a varied and multi disciplined legal practice. Having a staff of 40, it has been established since 1924 and has offices in Burnley and Colne.

Chief Executive of Ludlow, Ian Hemingway said: “Joint ventures with Independent Financial Advisors (IFAs) have become increasingly popular among solicitors seeking to provide access to financial advice as a means of enhancing their client proposition in preparation for the Legal Services Act. Such an agreement allows us the opportunity to provide complementary client services.

“We are delighted to have been chosen by Donald Race and Newton Solicitors to provide this specialist in house service and look forward to working with their clients”.

Clients of Donald Race and Newton Solicitors will be able to access a comprehensive range of independent financial advice through DRN Financial Management LLP including investment, retirement, financial planning and protection.

David Lawson, partner from Donald Race and Newton Solicitors said: “The client is always at the centre of everything we do. This is a major new initiative for us and DRN Financial Management significantly enhances the scope of the expertise on offer, providing our clients with a much more comprehensive service. Ludlow has an excellent reputation and over the years we have referred numerous clients to this company, all of whom have enjoyed exceptional advice and service.”

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