Categories:Private Client

Dawsons and Penningtons set for imminent merger

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  • Dawsons merging with Penningtons; it’s like Dad’s Army meets Last of the Summer Wine...
    I’m sure Southern Cross can provide the office space...

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  • Looks to me like Dawsons will have no family or corporate department anymore. Essentially looks like an overstaffed litigation firm with a few add ons. Penningtons likewise.
    If the 'merger' doesn't happen does that spell disaster for all involved?

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  • @ The_Laweyer: who told you "Dawsons’ turnover has remained relatively ­static"? I heard turnover was down, maybe as much as 30%-50%. Not sure what that means for PEP, but doesn't sound good

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  • I say leave the firms alone. If they can sort out a merger that can save some if not most jobs then that is a good thing and not something we should jeopardise. Admittedly it is a shame for such an old firm of 300+ years to be going through this and something terrible must have been going on over the last year or so for it to be in this position. Lawyers don't often make good businessmen and maybe this is a case in point.

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  • Save jobs? Around 40 members of Dawsons staff have either been wrongly forced out or made redundant in the past 8 months. All I see for anyone that merges with dawsons is trouble with a capital T. The firm let so many good workers and good lawyers go just to save a quick buck that it proves further that lawyers do not always make good businessman.

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  • There is nothing illogical at all about this merger unless if is being driven by the desire to join two firms together for no other reason than they fit together 'quite well'. Presumably there is some strategy behind the initiative and some economies of scale my emerge. All that really matters is the clients and how they can access and receive improved services for lower cost. To achieve that will require investment and a lttle blood letting. Otherwise it is yet another example of assuming bigger is better and that would be dumb.

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  • Isn't it easy to pass judgement when in possession of so little factual knowledge ? Anonymous on 14th 3.13pm states that they are two firms trying to succeed. No - that is just incorrect. Penningtons are a good firm, yes. Dawsons gave up trying to succeed some time ago has been going to the dogs for some years. Why? Because the completely lost direction when they lost their private client team to Hunters about 6 years ago. The new private client team was a mish mash of people that did not get on and wanted to go in different directions; the litigation team fell out in a spectacular way culminating in Jo Keddie taking her team to Winkworth Sherwood, and EPs refused to work together with a cohesive strategy. The firm simply lost its identity and lost its way. Instead of trying to all get along and work towards the same goal, massive factions developed, and focus was lost. IN some partners meetings certain factions actually refused to speak to the other - juvenile but true.

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  • Oh how people love to gossip! No doubt, some of the above is true and some is fabrication. Hardwicke may have earmarked the Dawsons' premises, but I gather that there is no real pressure on the firm to move. No-one has been that interested in either of these firms over the past few years, so why is this such big news? Most small-medium sized firms have been exploring merger opportunities over the past year and, naturally, this causes internal instability. There have no doubt been some disappointing departures, as well as some welcome departures. These firms each have good lawyers, good clients and a similar vision, culture and strategy. I can think of a worse way to start...

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  • If you change the badge on a broken down car it's still a broken down car! As a former client I found a lot of sitting on laurels and not a lot of customer service. Being around a long time means nothing, you are only as good as you are found to be today.

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