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”
The partnerships at City law firm Bircham Dyson Bell (BDB) and Reading headquartered Pitmans will this month vote on a proposed merger to create a £50m-plus firm.
A merger would be good for a partner headcount of 80, while overall staff numbers would be 404. A combined revenue of about £52m would put the merged firm close to the UK’s top 60 by revenue. A vote is set for 27 September. Continue reading “Bircham Dyson and Pitmans seek reversal of revenue fortunes with £52m merger bid”
Newly merged Bryan Cave Leighton Paisner (BCLP) has signed a lease on a new City office in what it calls a ‘significant commitment’ to a modern working space.
The announcement today (26 April) will see the combined firm move a stone’s throw from legacy Berwin Leighton Paisner’s (BLP) London HQ at Adelaide House to the 125,000 sq ft Governor’s House office building at 5 Laurence Pountney Hill. Continue reading “Moving on up: BCLP heading for new post-merger London digs”
Hats off to my old shop, Legal Week for a quality scoop on Allen & Overy (A&O) and O’Melveny & Myers doing the come-hither shuffle. As usual, various outfits have lifted it without credit or attempted to imply that they forecast it. I didn’t forecast it and haven’t given it more than a cursory kick-of-the-tyres because – deadlines – so I am just riffing off anorak industry knowledge rather than proper research. But it’s still enough to make a few observations about what it says about the global market and London elite in general and A&O specifically.
For A&O, a tie-up with O’Melveny would clearly be highly significant – only the second US merger for a Magic Circle firm and just about the largest of its kind nearly 20 years on from Clifford Chance’s disaster-strewn takeover of Rogers & Wells. Continue reading “Comment: Allen & O’Melveny – a research-free, hot take”
Hamish McNicol and Thomas Alan canvass the market on the latest UK/US tie-up
‘Next year all our troubles will be out of sight,’ sang Judy Garland in the 1944 film Meet Me In St Louis. You wonder whether the leadership of Berwin Leighton Paisner (BLP) was singing those words from ‘Have Yourself A Merry Little Christmas’ in December before the firm’s quest for a US merger ended with St Louis-bred Bryan Cave. Because apart from a press release lauding the aspirations of the transatlantic tie-up, first floated publicly last October, there has not been much singing since. Continue reading “Real estate, real estate, real estate: Bryan Cave? Questions surround BLP’s transatlantic union”