Weightmans and Newcastle-based Ward Hadaway have ended merger discussions which would have created a £130.8m national firm after ‘both firms reached a consensus their respective strategic priorities were not sufficiently aligned to invest in such a significant merger.’ Continue reading “Weightmans and Ward Hadaway ‘mutually withdraw’ from merger discussions”
Consolidation continues as Browne Jacobson targets top 50 through Beale & Co talks
Midlands-based Browne Jacobson is in late-stage merger talks with London-based construction and insurance specialist Beale & Co to create a firm with eight offices and a turnover of £82m – putting the combined firm in the top 50 of the Legal Business 100.
In a joint statement, Iain Blatherwick, managing partner at Browne Jacobson, and Antony Smith, senior partner at Beale, said the combination, which would have over 1,000 staff and 137 partners, could offer clear strategic benefits.
DLA agrees Danish tie-up to become largest firm in the Nordics
DLA Piper is to combine with Danish law firm LETT by the end of May this year, becoming the largest firm in the Nordic region with five offices and more than 370 lawyers. Continue reading “DLA agrees Danish tie-up to become largest firm in the Nordics”
Called off: Stewarts Law deal to acquire Enyo scrapped
A deal for Stewarts Law to merge with boutique Enyo Law to create an £80m disputes specialist has been called off, Legal Business can reveal. Continue reading “Called off: Stewarts Law deal to acquire Enyo scrapped”
East side story: NRF adds Manhattan credibility with projects-driven Chadbourne tie-up
Norton Rose Fulbright (NRF) has pulled off its second US merger, this time with New York-based Chadbourne & Parke, giving the Global 100 firm much-needed bench strength in Manhattan and project finance for what will be a $2bn-revenue firm.
The move will add considerable east coast capability to NRF, which the firm has lacked since its combination with Texas firm Fulbright & Jaworski in 2013, and is due to go live in the second quarter of 2017. The majority of Chadbourne lawyers will join NRF’s US business, while London partners are expected to join the Norton Rose Fulbright LLP within the Swiss Verein, which comprises the legacy Norton Rose business.
News in brief – March 2017
FRESHFIELDS SIGNS 20-YEAR LEASE ON NEW HQ
Freshfields Bruckhaus Deringer has signed a pre-let agreement on a 20-year lease in February to move from existing premises in Fleet Street to 100 Bishopsgate in 2021. The Magic Circle firm will reduce its London real estate by roughly a third when it takes out 255,000 sq ft of office space.
Property play: Mills & Reeve to add £6m to its topline with Maxwell Winward acquisition
In a move to enhance its London real estate team, LB100 firm Mills & Reeve is to tie up with City real estate boutique Maxwell Winward, adding £5.8m to its topline. Continue reading “Property play: Mills & Reeve to add £6m to its topline with Maxwell Winward acquisition”
Boutique boost: Stewarts in talks to pick up Enyo to create £80m firm
Litigation boutique Stewarts Law is in discussions to buy Enyo Law in a deal which will see about £20m added to Stewarts’ revenue. Continue reading “Boutique boost: Stewarts in talks to pick up Enyo to create £80m firm”
‘An attractive location’: Dentons goes Dutch with Amsterdam merger
Dentons is set to enter the Netherlands, as the firm announced today (2 March) it has combined with Dutch law firm Boekel. Continue reading “‘An attractive location’: Dentons goes Dutch with Amsterdam merger”
Digesting a merger: CMS absorbs Olswang’s Spanish and Belgian operations as Paris and Munich status remains uncertain
After considerable speculation over the fate of international partners post-merger, CMS Cameron McKenna has confirmed a number of lawyers in the European offices of Olswang and Nabarro will be joining its network on 1 May, while the fate of Olswang’s remaining lawyers in Paris remains uncertain.