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International Edition

Wragges-LG merger is on the cards, but such a move carries risks as well as benefits for both

Once a Birmingham-centric firm, news this week that Wragge & Co is in merger discussions with Lawrence Graham (LG) marks a significant step in the firm's long-held ambition to build in the City. International expansion, including most recently in Germany and the Middle East, has helped Wragges move away from its origins as a regionally focused firm. It has also largely got over its struggles in the immediate post-crisis years, caused by a dominating real estate practice. The firm reported a marginal increase in turnover at the end of the 2012-13 financial year to £120.5m, while profits per equity partner (PEP) climbed 2.7% to £339,000. However, Wragges has been seeking a tie-up with a smaller London firm with several niche practice areas since realising it was struggling to make real headway in the competitive City market, since launching there in 2000.
4 minute read

International Edition

Windfall for Linklaters as G4S investigation fees reach £2m

Linklaters and PricewaterhouseCoopers (PwC) have so far netted £2m in fees from client G4S for an ongoing independent review into allegations its employees engaged in false billing practices between 2005 and 2013.
2 minute read

International Edition

Norton Rose Fulbright advises on major £1.5bn London port project

Norton Rose Fulbright has acted on the £1.5bn development of London Gateway, the UK's first port to open in more than two decades. The site - which officially opened this month - is based in a 1,500 acre port and logistics park on the north bank of the Thames in Thurrock, Essex.
2 minute read

International Edition

Simmons latest firm to post H1 growth with revenue up by 8%

Simmons & Simmons has posted an 8% revenue rise at the half-year point of the financial year. The firm has brought in revenue of just over £130m for the first six months of 2013-14, up on the previous year's H1 figure of £119.6m.
2 minute read

International Edition

A&O reports 7% H1 revenue boost as firm restates plans to target US

Allen & Overy (A&O) has posted a 7.4% revenue hike for the first half of 2013-14, as it re-iterates plans to expand its US footprint in the next 12 months. The firm's revenue grew to £608m in the six months to the end of October, up on the £566m brought in during the same period last year.
2 minute read

International Edition

RPC moves to merit-based pay for newly qualified lawyers

RPC is to abolish the traditional flat rate salary for newly qualified lawyers (NQs) in favour of a merit-based salary band. The change comes into effect from September 2014 and will result in a slight reduction of the current NQ rate, which has stood at £58,000 in London and £44,000 in Bristol since 2010.
2 minute read

International Edition

Links, Kirkland and Travers act on sale of Jammie Dodger maker

Kirkland & Ellis, Linklaters and Travers Smith have taken the lead roles on Ontario Teachers' Pension Plan's (OTPP) acquisition of Burton's Biscuits, the makers of Jammie Dodgers. Burton's, whose range of biscuit brands also includes Cadbury Fingers and Maryland Cookies, employs more than 2,000 people in the UK and boasted recent annual sales of £340m.
2 minute read

International Edition

Hill Dickinson half-year revenues up by 6% after cash call

Hill Dickinson has reported a 6% rise in revenues for the first half of the 2013-14 financial year. The firm's revenues grew from £51.9m to £54.9m in the six months leading to the end of October.
2 minute read

International Edition

Irwin Mitchell expands PI offering with acquisition of Manchester boutique

Irwin Mitchell has acquired Manchester firm McCool Patterson Hemsi (MPH) Solicitors, as part of a concerted push into the personal injury (PI) and claims markets.
3 minute read

International Edition

Bridging the gap - the evolving relationship between insurers and their legal advisers

Is instructing a single law firm for corporate and claims work the way forward? Edward Murray examines the results of our survey on the subject in this week's Legal Week Intelligence Benchmarker special
1 minute read

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