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The £282m firm will have over 2,500 staff, including 1,500 lawyers, across offices in the UK, Asia and the Middle East.
In a statement, Pinsent Masons senior partner Chris Mullen said: “We’ve been very encouraged by the strong support from among our clients and the resoundingly positive reception to the merger proposal by our partners. Each firm has great respect for the other’s reputation and culture and recognises that we have a common heritage of quality coupled with ambitious plans to grow our capabilities even further. We believe this is the best way to deliver an even better offering to our UK and international clients who demand both a broad range of high quality services and excellent value. We’re really looking forward to joining up and getting on with our plans together.”
Richard Masters, managing partner of McGrigors, added: “This deal is great news for clients of both firms and we are delighted to be merging with Pinsent Masons. The merger is the result of a strong cultural and operational fit, with clients from both firms being major UK and international players. We believe that the new firm will provide a solid platform for growth, allowing us to become a clear market-leader in strategically key sectors.”
News of the merger discussions between the two firms was first reported on 19 January (19 January 2012).