Expanding Financial Planning firm Progeny has acquired Leeds-based legal firm Watsons Law for an undisclosed sum. 

The move adds property conveyancing to Progeny’s services which include Financial Planning, asset management, tax, HR and private and corporate legal advice and support.

Watsons Law was founded in 2004 and has a team of 10 specialising in conveyancing, land and property law.

Julian Watson, managing partner at Watsons Law, said: “This is an exciting new chapter in our history and we’re delighted to become part of the Progeny fold. Watsons Law and Progeny share the same values of delivering excellence for the benefit of our clients. Joining Progeny is a natural fit for us.

“A larger firm brings opportunities of scale; becoming part of Progeny’s multi-disciplinary business offers unique opportunities for exponential growth. Our clients can now benefit from a vast range of additional services to meet all their legal and financial needs.”

Neil Moles, CEO of Leeds-based Progeny, said: “Watsons Law will bring a huge amount of residential real estate conveyancing experience to the business, and with it we can offer another vital and high quality service to our clients.”

Progeny recruited 29 new staff in 2020 and saw a 28% rise in revenue. The company attracted £180m of new business (new assets) in the first half, up 75% on the 2019 H1 new business figure. Eight advisers have graduated from the firm’s Adviser Academy since its launch in 2019.

Progeny has acquired a number of Financial Planning firms in recent years including Chestergate, Evolve and Addidi and has eight offices across the UK, including London, Leeds, Edinburgh and Bucks. The firm’s 150 staff now work mostly remotely.