law firm mergers
395 views | +0 today
Follow
law firm mergers
watching the increasing consolidation of the UK legal market with interest
Your new post is loading...
Your new post is loading...
Scooped by Sally Calverley
Scoop.it!

Shakespeares aim to be "one stop shop" for developers - This is Nottingham

This is Nottingham Shakespeares aim to be "one stop shop" for developers This is Nottingham NOTTINGHAM law firm Shakespeares believes it will become a "one-stop shop" for developers if a planned merger with boutique planning specialists Marrons...
Sally Calverley's insight:

"second largest" law firm Shakespeares continues to gobble up firms around the Midlands, this time planning boutique Marrons. The spin of "one stop shop" for developers is an intersting strategy - is this something developers have said they want? Is it not available elsewhere?

 

One to follow I think...

more...
No comment yet.
Scooped by Sally Calverley
Scoop.it!

Speechlys pledges third European office opening after Withers talks collapse | News | The Lawyer

Speechly Bircham has set out plans for “significant team hire” following the end of its merger talks with Withers.
Sally Calverley's insight:
Merger talks are funny things. A bit like inviting your mother in law round for tea. You suddenly see your law firm through new eyes: the good and the bad. Time consuming they may be, distracting certainly. But they can also help firms to really understand and focus on what is important to them. Lets hope this is the case here and that Withers and Speechlys go from strength to strength
more...
No comment yet.
Scooped by Sally Calverley
Scoop.it!

Parabis nudging towards Top 20 slot with latest merger

Parabis nudging towards Top 20 slot with latest merger | law firm mergers | Scoop.it
Parabis also owns Cogent Law and the three businesses in aggregate will be turning over in the region of £150 million, meaning Parabis will be nudging a coveted top 20 UK law firm slot. The deal is expected to complete this ...
more...
No comment yet.
Scooped by Sally Calverley
Scoop.it!

Law merger after Devizes shooting - This Is Wiltshire

Law merger after Devizes shooting - This Is Wiltshire | law firm mergers | Scoop.it
This Is Wiltshire Law merger after Devizes shooting This Is Wiltshire On July 2 last year, Mr Ward, 58, was shot in his office and died at Frenchay Hospital, Bristol nearly three weeks later.
Sally Calverley's insight:
There are many reasons for merging - this is perhaps the most tragic I have seen
more...
No comment yet.
Scooped by Sally Calverley
Scoop.it!

Riverview Law links up with a law firm | Legal Post | Financial Post

Riverview Law links up with a law firm | Legal Post | Financial Post | law firm mergers | Scoop.it
Those following the tremendous positive change happening in the U.K. legal marketplace will be interested in the fact that Riverview Law has signed a strategic alliance with U.K. firm DMH Stallard.
Sally Calverley's insight:
Is this vertical integration? Or an admission that there is very little to be gained from infighting between the various parts of the profession. A strategic alliance that seeks to secure an exclusive advantage.
more...
No comment yet.
Scooped by Sally Calverley
Scoop.it!

Just what will the merger of law firms Harrison Clark and Rickerbys mean for ... - South West Business

Just what will the merger of law firms Harrison Clark and Rickerbys mean for ... - South West Business | law firm mergers | Scoop.it
Just what will the merger of law firms Harrison Clark and Rickerbys mean for ...
Sally Calverley's insight:

The long awaited announcement of the Rickerbys/Harrison Clark merger, here in an intrview with the managing partner of the new firm. Outsiders have wondered how the merged entity will address the cultural differnces between the two firms and whether these will ultimately do for the merger. But it is an important move for Harrison Clark who have ambitious aspirations in this part of the UK and takes them, one one bound, into the next league.

more...
No comment yet.
Scooped by Sally Calverley
Scoop.it!

Slater & Gordon in UK takeover triple as listed firm plans $64m raising

Slater & Gordon in UK takeover triple as listed firm plans $64m raising | law firm mergers | Scoop.it
Slater & Gordon is set to continue its push into the UK market with the proposed $35.5m (£23.3m) triple acquisition of personal injury (PI) law firms Simpson Millar,...
Sally Calverley's insight:

Clear Strategy, brand and the finance to support their aspirations - Slater and Gordon continue their growth in the UK

more...
John Wade: pragmatic support for law firm leaders's curator insight, May 13, 2013 6:12 PM

More ambition from Slater and Gordon. Good to see some overseas faith in the UK market...

Scooped by Sally Calverley
Scoop.it!

Law firms' merger creates South Lakeland's largest practice - The Westmorland Gazette

Law firms' merger creates South Lakeland's largest practice - The Westmorland Gazette | law firm mergers | Scoop.it
Law firms' merger creates South Lakeland's largest practice
The Westmorland Gazette
There will be no redundancies as a result of the merger, although John Oldroyd has left HW to become a district judge in St Helens.
more...
No comment yet.
Scooped by Sally Calverley
Scoop.it!

Investment banker predicts 8,000 law firms will disappear in next decade | Legal Post | Financial Post

Investment banker predicts 8,000 law firms will disappear in next decade | Legal Post | Financial Post | law firm mergers | Scoop.it
A prominent European investment banker has predicted that 8,000 law firms will seek mergers or disappear in the next five to ten years
Sally Calverley's insight:
This sounds alarming: 8,000 of the 10,000 disappearing? But it will still leave over 2,000 firms - which feels about right.
more...
John Wade: pragmatic support for law firm leaders's comment, May 6, 2013 10:58 AM
I think it inevitable we will see a lot of law firms disappearing. The accountancy profession may be a reasonable predictor: think of how many firms there were two decades ago, and how many now.
John Wade: pragmatic support for law firm leaders's comment, May 6, 2013 10:59 AM
Our belief is that law firms have four options: get big; get small; get niche or get out. We also think there will be a number of demergers (get small or niche) as law firms realise that being all things to all clients is not a great way to build a sustainable business.
John Wade: pragmatic support for law firm leaders's curator insight, May 6, 2013 11:00 AM
I think it inevitable we will see a lot of law firms disappearing. The accountancy profession may be a reasonable predictor: think of how many firms there were two decades ago, and how many now. Our belief is that law firms have four options: get big; get small; get niche or get out. We also think there will be a number of demergers (get small or niche) as law firms realise that being all things to all clients is not a great way to build a sustainable busines
Scooped by Sally Calverley
Scoop.it!

Legal firms should be looking to their brands to secure their futures

An example of such a transaction is the “mega-merger” of the UK and US arms of SNR Denton with Parisian Salans and Canadian Raser Milner Casgrain. The resulting law firm is said to be capable of winning work from the ...
Sally Calverley's insight:
This article is really about branding rather than mergers but offers a reminder that considerations about brand should be part of the planning for a merger - not an afterthought!
more...
John Wade: pragmatic support for law firm leaders's comment, May 6, 2013 11:04 AM
Exactly our view - we've recently blogged 11 suggestions of things to watch when agreeing to merge - and to make sure are completed after!
Scooped by Sally Calverley
Scoop.it!

Sally Calverley

Sally Calverley | law firm mergers | Scoop.it
Sally Calverley is on Scoop.it since April 4, 5:09 PM
Sally Calverley's insight:

http://www.lexpertdigital.ca/lexpert/201304?pg=64#article_id=276599

 

why bigger isnt always better... the growth of the mega fauna in the market may suggest that the days of the small law firm are over. But even large corporations are bemoaning the loss of choice.

more...
John Wade: pragmatic support for law firm leaders's comment, May 2, 2013 5:05 PM
And I don't think it's right to suggest that the smaller firm has had its day, though. Our view over at Wade Robinson is that things are and will change. A lot. We see four options for lawyers: get big; get small; get niche; or get out. We also think that several mergers will fall apart under pressure from dissatisfied clients and staff. This is a fast-moving and ever-changing environment...
Scooped by Sally Calverley
Scoop.it!

SJ Berwin name poised to vanish as King & Wood merger vote looms | News | The Lawyer

SJ Berwin is gearing up for a vote on a global merger with Asia-Pacific firm King & Wood Mallesons (KWM) that would see the UK outfit’s name disappear.
Sally Calverley's insight:
SJ Berwin's troubled financial situation has perhaps led to its willingness to be subsumed by the Asia Pacific giant. However, the warning sounds can be found deep in this article: the Australian big boys of Mallesons will want a high end/high profile tie up that gives them an improved international brand - see the Ashurst, Herbert Smith and Norton Rose tie ups. Does SJ Berwin really pass muster on this scale?
more...
John Wade: pragmatic support for law firm leaders's curator insight, June 9, 2013 4:57 AM

There's little question about who the junior partner is in the acquisition - not merger. The question is whether the senior partners will really get what they seem to expect.

Scooped by Sally Calverley
Scoop.it!

Cuts, freezes and exits at top law firms

Cuts, freezes and exits at top law firms | law firm mergers | Scoop.it
Big law firms are suffering a dire end to the financial year, with weak business confidence and a dearth of corporate deals triggering pay freezes and job cuts for the first time in several years.
Sally Calverley's insight:
Follow up piece to the failure of the KMM merger with the Wong Partnership. Senior Partner on gardening leave amid tales of downturn in the Australian Legal Market. Unequal pressures in these global mergers will provide them with interesting challenges: how many will survive and what will their tactics be?
more...
No comment yet.
Scooped by Sally Calverley
Scoop.it!

Revealed: King & Wood Mallesons' Singaporean merger fallout - The Lawyer

Revealed: King & Wood Mallesons' Singaporean merger fallout - The Lawyer | law firm mergers | Scoop.it
Revealed: King & Wood Mallesons' Singaporean merger fallout The Lawyer Other possible merger candidates for King & Wood Mallesons include UK firm SJ Berwin.
Sally Calverley's insight:
Recent history suggests that we will find out the reasons for the merger coming unstuck at some point. But the more interesting part is the aspirations of this partnership: Mallesons has a great reputation and has made some sensible decisions. Will SJ Berwin be cracking open some tinnies soon?
more...
John Wade: pragmatic support for law firm leaders's comment, May 23, 2013 7:47 AM
...and I think there'll be more 'fall-outs' as the reality of the many mergers hits Partners and lawyers who've been used to a different way of working, and level of authority...
Scooped by Sally Calverley
Scoop.it!

Withers and Speechly Bircham settle on proposed name ahead of merger votes - Legal Week

Withers and Speechly Bircham settle on proposed name ahead of merger votes - Legal Week | law firm mergers | Scoop.it
Legal Week Withers and Speechly Bircham settle on proposed name ahead of merger votes Legal Week Withers and Speechly Bircham are to vote next week on a potential merger which could create a UK top 25 law firm known as Withers Speechly Bircham (WSB).
Sally Calverley's insight:
Just how long did that take??!
more...
John Wade: pragmatic support for law firm leaders's comment, June 13, 2013 6:01 PM
Given that the merger was called off one week later, let's hope not too long. Unless the highly emotive process highlighted issues that became insurmountable...
Scooped by Sally Calverley
Scoop.it!

Law firms seek to consolidate - The Gap Partnership

Dundas & Wilson is understood to be seeking a merger in London at the moment, although no specifics on precisely which law firm it has its eye on have yet been disclosed. This appears to be a sign that it remains focused on ...
Sally Calverley's insight:
Winner of MPF award for Management Excellence seeks London partner. That's the spin. Or is this a move by a Scots firm to embed its place in the UK top 100 before the referendum? Or just a logical move by a mid tier firm?
more...
No comment yet.
Scooped by Sally Calverley
Scoop.it!

PI shake-up continues with two new takeovers | The Law Gazette

PI shake-up continues with two new takeovers | The Law Gazette | law firm mergers | Scoop.it
Sally Calverley's insight:

The failure of Axiom continues to ripple through the market. That said, PI firms are starting to consolidate, which makes perfect sense in terms of their business model. We are also seeing PI teams leaving (or "leaving") larger firms for the relative saftey in numbers of specialist firms. We are also seeing partners of firms reliant on PI for income looking eslewhere - eg property and commercial partners. This is survival of the fittest in action - or as Darwin would have put it, those quickest to adapt to the changing enviroment

more...
No comment yet.
Scooped by Sally Calverley
Scoop.it!

http://thestudentlawyer.com/out.php?url=http://www.independent.co.uk/news/business/news/snr-denton-salans-and-fraser-milner-casgrain-megamerger-of-lawyers-is-biggest-yet-8546889.html

Sally Calverley's insight:

Slightly historic now but demonstrates the consolidation that is happening across the globe. Im always slightly cautious about firms that announce that their mergers are driven by client needs for support in other countries - that is not supported by GCs who tend to pick the firms they like in individual jurisdictions.

more...
No comment yet.
Scooped by Sally Calverley
Scoop.it!

Law firm owed £4m - Lancashire Evening Post

Law firm owed £4m - Lancashire Evening Post | law firm mergers | Scoop.it
Lancashire Evening Post Law firm owed £4m Lancashire Evening Post In the report, administrators Paul Flint and Brian Green said the company had been “suffering serious cash flow problems due to difficult trading conditions” following the merger of...
Sally Calverley's insight:

When I lecture on the dangers of mergers, people are often shocked to hear that the majority of mergers fail - by which I mean no longer exist in their post merger form 5 years later. Of those that do survive, 30% are value neutral (i.e. are no better as a merged entitiy than they would have been apart), 30% actually detroy value. Merger is not a "fix all" and underlying trading issues do not disappear magically in the larger firm - in fact, the stakes just become higher.

 

In this case, it would be interesting to know what the SRA's view is, given their recent guidance on the necessity of running the business responsibly. 

more...
No comment yet.
Scooped by Sally Calverley
Scoop.it!

Thomas Eggar ramps up with £42m Pritchard Englefield deal - The Lawyer

Thomas Eggar ramps up with £42m Pritchard Englefield deal - The Lawyer | law firm mergers | Scoop.it
Thomas Eggar ramps up with £42m Pritchard Englefield deal The Lawyer Thomas Eggar is set to merge with 40-lawyer London firm Pritchard Englefield, boosting the former's revenue by 17 per cent to roughly £42m and more than doubling the size of its...
Sally Calverley's insight:
Here we go... The raid on London firms has begun! National and regional firms have long thought they need a London presence to be taken seriously. Perhaps this is true (perhaps) but it does merit careful discussion about what impact acquiring a London office will have on, for instance, salaries, culture and so on. Will they really be able to move the costs out of London? Another one to watch..
more...
John Wade: pragmatic support for law firm leaders's comment, May 6, 2013 11:01 AM
As you say, Sally - one to watch. Our experience in dealing with provincial and city lawyers is that cultural 'variances' will play as much a part in success as the 'synergies' always suggested.
John Wade: pragmatic support for law firm leaders's curator insight, May 6, 2013 11:03 AM

As Sally Calverley posits - one to watch. Our experience in dealing with provincial and city lawyers is that cultural 'variances' will play as much a part in success as the 'synergies' always suggested.

Scooped by Sally Calverley
Scoop.it!

Law firm Shakespeares sees integration as key - Telegraph.co.uk

Law firm Shakespeares sees integration as key - Telegraph.co.uk | law firm mergers | Scoop.it
Telegraph.co.uk Law firm Shakespeares sees integration as key Telegraph.co.uk But acquisitions involve much risk, so the achievement of Shakespeares Solicitors in becoming the second-largest law firm in the Midlands and the 50th biggest in the UK...
Sally Calverley's insight:
Shakespeare's are one of the hunters in the market at the moment: firms who are actively looking for firms to acquire. Their experience in managing these deals is in itself valuable and will tend towards more successful business outcomes. The challenge will be keeping the momentum up as the firm absorbs new cultures and just gets bigger. I shall be interested to see how Shakespeare's are doing in 3 years..
more...
No comment yet.
Scooped by Sally Calverley
Scoop.it!

Fourth-biggest charity law firm Withers in merger talks - Civil Society Media

Fourth-biggest charity law firm Withers in merger talks - Civil Society Media | law firm mergers | Scoop.it
Fourth-biggest charity law firm Withers in merger talks
Civil Society Media
Law firm Withers, the fourth biggest provider of legal advice to top-350 charities, is in merger discussions with Speechly Bircham.
more...
No comment yet.