Ince & Co partners ruled out a £8.5m capital injection that may have saved the firm from financial failure, according to a report from administrators Quantuma.
At a meeting in October 2018, Ince partners were informed that if a sale to a third party could not be hastily arranged, partners would have to agree to a three-year lock in and contribute at least £8.5m to rescue the firm. Continue reading “Ince & Co administrator reveals partners had ‘no appetite’ to rescue failing firm with £8.5m cash injection”
Southern English law firms Ashfords and Boyes Turner have ditched their proposed merger which was set to go live in May after citing ‘structural differences.’
The firms were deep into merger talks that started in early 2017, with south west-based Ashfords having been eager to complete a tie-up with another southern outfit for some time. Ashfords had been the senior party throughout the talks, with the merged firm set to trade under the Exeter outfit’s name and brand. Continue reading “‘Too far apart’: Ashfords and Boyes Turner abandon £60m merger talks”
South west-based Ashfords and Thames Valley firm Boyes Turner are primed to merge, creating a 100 partner-strong £60m southern law firm.
The merger will go live on 1 May 2019, subject to due diligence and legal agreements, while initial talks taking place in early 2017. The new firm will have a total of 700 employees and seven offices, with scale, future investment opportunities and client wins the cited motivations for the move. Continue reading “‘Scale and investment capability’: Ashfords and Boyes Turner merger to create £60m southern force”
The lack of overlap between Gordon Dadds and Ince & Co made the tie-up an ‘overwhelmingly attractive proposition’, the firms’ leaders say.
Gordon Dadds will be become the UK’s largest listed law firm by revenue after an announcement this morning (29 October) confirmed its acquisition of Ince for an expected £43m. The new firm, to be called Ince Gordon Dadds, will jump into the UK top 40 with revenue of more than £110m, and have 100 partners across offices in nine countries. Continue reading “‘Fit like a glove’: Gordon Dadds brings Ince into the modern era, says leadership”
Gordon Dadds is set to become the UK’s largest listed law firm by revenue after acquiring Ince & Co for an expected £43m.
An announcement to the London Stock Exchange today (29 October) confirmed Gordon Dadds had agreed to acquire all of Ince, including its international LLP. The new firm, to be called Ince Gordon Dadds, will jump into the UK top 40 with revenue of more than £110m, and have 100 partners across offices in nine countries. Continue reading “Gordon Dadds to become largest listed firm with £43m acquisition of Ince”
Staffordshire-based Knights has dipped into its IPO ‘war chest’ again, acquiring Leicester’s largest law firm in a multi-million pound deal.
It marks Knight’s second buyout since its £103.5m listing on the Alternative Investment Market (AIM) in June – the largest UK firm listing to date – with a deal for Manchester independent Turner Parkinson announced shortly after floating. Continue reading “Knights builds on IPO acquisition strategy with £8.5m deal for Leicester law firm”
The partners of Bircham Dyson Bell and Pitmans have voted for a £50m merger and move to an alternative business structure (ABS).
The pair announced today (28 September) that the respective partnerships had overwhelmingly approved the tie-up, which is hoped will propel them into the top 50 of the UK’s law firms. It first announced the plans earlier this month bolstering flagging revenue figures at both firms and align their complementary practice areas. Continue reading “‘Filling in the gaps’: Bircham Dyson Bell and Pitmans eye ABS transition with merger”
Gordon Dadds has emerged as the unlikely rescuer to ailing Ince & Co, with the two outfits in merger discussions to create the UK’s largest listed law firm.
The seismic move will create a £114m turnover firm called Ince Gordon Dadds. Gordon Dadds is currently in the due diligence stage, but a partnership vote is yet to take place. Continue reading “‘It’s a marriage of convenience’: Gordon Dadds to make its big splash as Ince merger talks intensify”
Fieldfisher’s recent frenetic push into key European markets has culminated today (25 September) with a much-anticipated tie-up in Spain with local firm JAUSAS.
The combination, which will operate under the firm’s Swiss Verein structure, gives Fieldfisher access to offices in Barcelona and Madrid under the name Fieldfisher JAUSAS, a long-stated ambition of managing partner Michael Chissick. Continue reading “‘It hasn’t been easy’: Fieldfisher concludes European odyssey with long-awaited Spanish launch”
Building on the Big Four’s sustained attempts to disrupt the legal services market, PwC has extended its presence in the US through a partnership with immigration specialist Fragomen.
The agreement, announced today (24 September), will see the two entities jointly market their respective immigration services in the US. The alliance gives PwC access to Fragomen’s considerable stateside firepower, with the firm boasting 16 offices across the country. Continue reading “PwC ups the ante in legal services with new Fragomen US alliance”