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Fosters merges with Russell Steward

Norwich firm Fosters is merging with local firm Russell Steward to create a 14-partner firm. The merger will come into effect on 2 July and the firm will keep the Fosters name.

21 June 2001

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Norwich
firm Fosters is merging with local firm Russell Steward to create a 14-partner
firm. The merger will come into effect on 2 July and the firm will keep the
Fosters name.

Russell
Steward's focus is on private client work, and Fosters managing partner Andrew
Saul says the merger is a good fit. Fosters' business strategy is to double in
size over the next five years and Saul says that the merger takes the firm some
way towards achieving this goal. Critical mass is essential for both firms, but
the timing is more critical for Russell Steward, which has only three partners.
Saul says that had Russell Steward remained independent, it would have found the
market increasingly difficult over the next couple of
years.

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Business development & Strategy