Commentary: Hill Dicks' Middleton merger looks to be in ship shape
If you assume that deals done off the beaten track often turn out to be the most productive, Hill Dickinson has already got off to a great start with its tie-up with London boutique Middleton Potts.The combination, which will go live on 1 July, will see Hill Dickinson take on all but one of Middleton Potts' nine London partners - handing Hill Dickinson a much increased presence in commercial and commercial litigation as well as in, most crucially, commodities trading and shipping work.
May 13, 2009 at 10:34 PM
3 minute read
Hill Dicks avoids the crowd to secure a well-tipped union with Middleton Potts
If you assume that deals done off the beaten track often turn out to be the most productive, Hill Dickinson has already got off to a great start with its tie-up with London boutique Middleton Potts.
The combination, which will go live on 1 July, will see Hill Dickinson take on all but one of Middleton Potts' nine London partners – handing Hill Dickinson a much increased presence in commercial and commercial litigation as well as in, most crucially, commodities trading and shipping work.
By all accounts – meaning neutral observers – it's a good fit. Hill Dickinson had been looking to build up its commodities practice for 18 months. The practice area, which covers mainly litigation work coming out of commodities trading alongside some non-contentious work in the sector, sits well with shipping. While Hill Dickinson has a strong marine team, with some 85 fee earners, including 61 in London, it had only a handful of commodities specialists working under London partner Jeff Isaacs (pictured).
In contrast, half of Middleton Potts' partners focus on commodities, with the four partners also spending time on shipping matters. The niche practice, which was set up in 1976, is also well regarded for its international trade work. It counts commodities giant Cargill as its flagship client, with senior partner David Lucas, who will lead the commodities group at the merged firm, having a relationship with the company dating back 30 years. Middleton Potts also works with other major names such as Louis Dreyfus, Noble Resources and Toepfer International.
However, while its reputation is good, Middleton admits its lack of scale was holding it back in shipping. As such Hill Dickinson gives it access to clients including P&I clubs and ship owners, as well as a dedicated ship finance team and access to a handful of Master Mariners (that's a seaman qualified to be captain, for the uninitiated). Hill Dickinson, for its part, hopes the merger can help its large practice close the gap with established London shipping practices like Ince & Co, Holman Fenwick and Clyde & Co.
Lucas sums up the background to the deal: "For commodity trading we are one of the leading practices and quite a big team. They have a good reputation but a small team and wanted to step up the practice. In contrast Hill Dicks has one of the biggest shipping teams and, while we have always had a good reputation, we're tiny by comparison." Lucas and the rest of his team already know Hill Dickinson's Isaacs (who made the initial approach), billing rates across the firms are broadly similar and both have similar ambitions. Even the only partner from the firm who is not set to join Hill Dickinson – corporate and commercial partner Stephen Morrall, who is switching to Dawsons – talks up the deal, stressing that he is only leaving because Dawsons is a better fit with his German-focused practice.
All that remains now is for the firms to work out the details. But with Hill Dickinson's litigation-heavy practice and relatively low cost-base well positioned to handle a substantial downturn, the omens are promising.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllHengeler Advises On €7B Baltica 2 Wind Farm Deal Between Ørsted and PGE
2 minute readSlaughter and May and A&O Shearman Advise as Latest UK Company Goes American
3 minute readLinklaters Continues Renewable Energy Hot Streak With Latest Offshore Wind Farm Project
2 minute readTrending Stories
- 1Uber Files RICO Suit Against Plaintiff-Side Firms Alleging Fraudulent Injury Claims
- 2The Law Firm Disrupted: Scrutinizing the Elephant More Than the Mouse
- 3Inherent Diminished Value Damages Unavailable to 3rd-Party Claimants, Court Says
- 4Pa. Defense Firm Sued by Client Over Ex-Eagles Player's $43.5M Med Mal Win
- 5Losses Mount at Morris Manning, but Departing Ex-Chair Stays Bullish About His Old Firm's Future
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250