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Insurance firm Davies Lavery knocked back a takeover bid from DWF in favour of a merger with Kennedys, The Lawyer can reveal.
It is understood Davies Lavery was in talks with DWF, with the firm looking for entry into the London market. However, after an approach by Kennedys the merger talks collapsed.
This led DWF to commence discussions with Davies Lavery’s head of catastrophic injury Graham Dickinson, who will now quit with a team of eight, including five lawyers and partner Claire Bowler, to launch DWF in London.
Dickinson said: “Davies Lavery has been the subject of many takeovers. Once it became clear a merger was inevitable it was my view that I wanted to continue building a catastrophic injury practice and be involved in a new London office.” Davies Lavery senior partner Trevor Davies said: “We part as good friends. DWF wanted a London presence and Graham can help them to build that.”
Kennedys has a catastrophic injury practice that Davies Lavery will use after the merger goes live in September.
As revealed on The Lawyer.com (19 June), the decision to merge the firms will give Kennedys an instant footing in Birmingham ;and ;Maidstone, as well as a larger base in Chelmsford.