Last week Lawrence Graham and Wragge tied the knot
to create a £170m firm Wragge Lawrence Graham & Co. Mergers are all
the craze. Everyone’s doing it…! It’s been a tricky five years for most
law firms with many going out of business including some big names like
Cobbetts and Challinors. One way that law firms are fighting back is through mergers.
In fact, law firm mergers have been en vogue for a number of years, so much so that it’s most likely that many law firm management teams have already had meaningful discussions about or had actually completed a merger in the last two or three years, and many more are expected to happen. A 2013 survey by PWC found that 83% of the top 25 UK law firms believe a merger is very or fairly likely by 2016 read more.
In fact, law firm mergers have been en vogue for a number of years, so much so that it’s most likely that many law firm management teams have already had meaningful discussions about or had actually completed a merger in the last two or three years, and many more are expected to happen. A 2013 survey by PWC found that 83% of the top 25 UK law firms believe a merger is very or fairly likely by 2016 read more.
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