Monday, March 14, 2011

Dawson and Penningstons set for Merger

Main story on the Lawyer is the possible merger between Penningtons LLP and Dawsons.

"...According to sources close to Dawsons, the firm has been scouring the market for months for a merger ­partner to help it stabilise after ­suffering a series of exits and being hit with two ­significant lawsuits.....A statement from Penningtons added: “Part of our growth plan is to consider possible merger partners. We’ve been impressed by Dawsons’ lawyers; their practice would be a good cultural and strategic fit with our own, complementing our existing strengths.”
While Dawsons’ turnover has remained relatively ­static over the past few years, in July last year it was forced to settle a High Court claim for unpaid fees brought by Simmons & Simmons (The Lawyer, 5 July 2010). The firm also settled a claim for unfair dismissal brought by former chief executive Jeremy Ward that November."

Read the full story here at the lawyer

http://www.thelawyer.com/dawsons-and-penningtons-set-for-imminent-merger/1007245.article

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