A boutique law firm specialising in the FinTech sector has expanded into Manchester attracted by the city’s strength in the technology scene.
Buckworths launched in London in 2011 and has carved a niche advising primarily digital start-up companies on a fast track to growth. As well as commercial law, the firm also advises fast growth firms on fundraising through angel investors and venture capital funds.
Michael Buckworth launched the firm after starting his career at international law firm Shearman and Sterling, before moving on to rival international firm Cleary Gottlieb Steen & Hamilton.
Clients include; Mercury FX, an innovative foreign exchange provider at the forefront of blockchain research and technology for use in the new finvironment; Glownet, a high growth FinTech startup providing cashless payment systems for concerts and festivals, Coinfloor, the leading UK’s bitcoin marketplace; and Movidiam, the world’s leading production network for the creative industries.
Mr Buckworth says its expansion to Manchester is a result of the increasing level of supportive infrastructure for high growth technology companies including collaborative working spaces, digital hubs and ready access to finance.
The firm is recruiting a range of associates with specialisms in advising startup or fast growth companies.
The growing volume of London-based startups and professional advisory firms ‘northshoring’ offices and services to the city also indicates an opportunity for growth.
Buckworths said: “Manchester will become an increasingly important European destination for innovative financial technology businesses.”
"There’s no doubt that the existing infrastructure of the city is ripe for an explosion in the number of disruptive digital companies.”
“It makes sense that we’re here in Manchester with its professional and financial community, digital hubs and growing reputation in this area.”
"Direct flights to China also assist in making it attractive for Chinese investment.”
