The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Mergers are all the rage. First it’s Hogan and Lovells (see story). And now, on a slightly less grand scale, EC3 giant Clyde & Co is in talks with construction and infrastructure firm Shadbolt Law, as revealed on TheLawyer.com today.
In many ways Clydes’ bid to snap up Shadbolt is a sign of a more significant long-term trend shaping the market. Over the course of the last year we’ve seen a gradual acceleration in bolt-on acquisitions.
These include Beachcroft’s acquisition of Kingslegal’s personal injury business (see story), Hill Dickinson’s merger with Middleton Potts (see story), Veale Wasbrough’s union with Vizards Tweedie (see story), and the tie-up between Speechly Bircham and Campbell Hooper (The Lawyer25 May).
What’s more, Clydes has been here before; it gobbled up aviation specialist Beaumont and Son in 2005, and it’s had one of the boldest expansion strategies of any major City firm, notably launching in the US in 2006 (see story).
With bolt-ons being the easiest way for larger firms to add resource, niche firms are being bombarded with offers.