Mergers And Acquisitions On The Rise

| General

Mergers And Acquisitions On The Rise

Research shows that the market is highly active: 47 of the 100 law firms interviewed by the legal futures say they are considering M&A, almost a quarter of them (23%) are already in talks about a possible deal. Another 57% are in the process of discussion of actively seeking. There is also a surprising level of interest in private equity investment because it can be unrealistic.

In many cases, the need for technical skills is higher than attracting additional clients. Here it seems that the growth rate exceeds fully supporting new business. This is a crucial time for many law firms across the country to develop their post-pandemic strategies, and M&A business will be a significant part of their thinking.

Since early January, UK top 100 law firm DMH Stallard will merge with Southeast firm Griffith Smith in the third merger announcement. According to a company spokesperson, the merger, which is expected to be completed on March 31, 2022, will boost DMH's turnover to around £36 million. DMH Stallard's last recorded turnover was £30 million.

Griffith Smith was based in Sussex and had 42 employees, including seven partners. DMH Stallard has five offices in London and the South, while Griffith Smith has two. A spokesman said that "there are no layoffs or office closures at this time."

According to the statement, the purpose of the merger is to strengthen the company's services to private clients in tax planning, wills, trusts, powers of attorney, estate management, family, probate disputes and real estate. This latest merger is DMH Stallard's fifth in recent years. The company merged with Brookman last May, Rawlison Butler in 2017, and AWB Partnership and Ross & Craig Solicitors in 2015. Richard Pollins, CEO of DMH Stallard, said: "This is another crucial merger for DMH Stallard with the company. This includes top-quality partners who share our core values when providing first class service to our customers.

It is also another significant milestone in our broader expansion plans for the next few years as we continue to grow. "Several mergers in the top 100 have been announced in recent months.

Subsequently, in early January, Top 100 British company Weightmans will merge with RadcliffesLeBrasseur. The merger between UK law firm duo Royds Withy King and Goodman Derrick will take place later this year, with no "significant" job losses despite the closure of Goodman Derrick's London office. The merger between UK law firm duo Royds Withy King and Goodman Derrick will take place later this year, company officials confirmed, with the closure of Goodman Derrick's London office.

All partners and employees of both companies will join the offer, with no "significant" job losses expected, the spokesman added on Monday. The combined company will be known as RWK Goodman LLP and will continue to operate from its current Royds Withy King offices in the South West, Thames Valley and Carter Lane offices in London. The company said that Goodman Derrick's bases at 10 St Brides Street London would close due to the merger in a statement on Monday. The new group will be led by current Royds Withy managing partner King Graham Street, while Goodman senior partner Derrick Edward Hoare and COO Mark Jones will serve on the company's executive board.

Street added in a statement: "This merger is a significant step forward for both companies. For Royds Withy King strengthens our position as one of the top 100 firms in the UK by significantly improving and expanding the breadth and depth of experience. services available to clients, in particular in the corporate and real estate sectors." The companies announced their intention to merge in October 2021.

RWK Goodman will comprise about 360 specialist lawyers, about a third of whom are based in London, the statement said. The combined company will be comfortably in the top 100 UK companies but will not be as good as the UK top 50 companies.

Royds Withy King finished 83rd in the UK top 100 last year, earning £38.5 million for 2019-20. The company increased its revenue to £36 million in the 12 months to April 2021 and reported an equity partner profit of £246,000, according to data from Law.com International. Goodman Derrick trading company has 23 partners in a team of 90 people. The limited company accounts for 2019-2020 showed a turnover of £13.6 million, up from £15.1 million a year earlier.

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