While the legal market is never short of speculation about the next potential merger, last month saw news of an eye-catching deal bringing two parties from very different markets together with a fresh approach.
On 22 July, US turnaround firm Alvarez & Marsal (A&M) and UK mid-market player BDB Pitmans (BDBP) announced that they had teamed up to launch Broadfield, described as a ‘new international law firm’, setting out a bold intention to ‘target rapid expansion through talent and firm acquisition in the UK and US markets, with the aim of extending into continental Europe.’
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