Cobbetts and DWF confirm merger is off
DWF and Cobbetts have confirmed merger discussions have ended.
Merger and acquisition consultants might no longer be needed by law firms DWF and Cobbetts, as the two enterprises have confirmed they are not going to combine their operations.
In a joint statement, the organisations mentioned "the current uncertainty in market conditions" as the reason for the decision.
However, it added: "Growth by merger and lateral hires continues to be an option for both firms."
The companies noted they will not discuss this matter publically any more until the discussions have come to a final conclusion.
It was only confirmed that the enterprises had entered merger talks on January 18th, although speculation has existed since November 2011, when it was reported that DWF had registered the internet domain DWFCobbetts.com.
A join-up would have resulted in a law business with a reach stretching across Newcastle, Leeds, London and Birmingham, although both companies are based in Manchester.
On January 1st 2012, the north-east based organisation Crutes was fully incorporated into DWF.
Posted by David Gleck
Source: Press reports, January 31st