Negotiations ongoing in legal firms' merger
A law company is bidding to expand with another merger.
Two legal firms are in talks over a proposed merger, just two years after one joined forces with another company in the sector.
Shakespeares would become the second-largest law business in the Midlands if it is successful in its planned merger with Harvey Ingram. It previously teamed up with Berryman.
If all goes to plan, the deal will be completed by August and the expanded Shakespeares would boast about 815 lawyers and a total turnover in the region of £50 million. Negotiation strategies could already be on the cards, as both sides bid to thrash out the finer points of the merger.
Paul Wilson, the company's chief executive, said: "The merger with Harvey Ingram is a significant strategic step that places us where we want to be in terms of scale and reach in the east and West Midlands."
Currently, Shakespeares is one of the UK's top 80 law firms and has about 430 employees.
Posted by Ron
Source: Various reports