North-West law firm Pannone & Partners will add £1m to its income following a merger with two-partner personal injury practice Johnson Yates.
The merger, which was completed in just eight weeks, sees Johnson Yates partners David Johnson and Gregory Yates join Pannones’ partnership, bringing the number of partners at the firm to 88.
Johnson Yates brings several big-name insurance clients to Pannones, including Aon, DAS and Marsh. The merger is expected to contribute about £1m to Pannones’ turnover, which last year totalled £33.5m.
Pannones managing partner Joy Kingsley said Johnson Yates, which was formed only this year by the two partners, had amassed more work than it could handle and needed the support of a larger practice.
Johnson Yates employees who had been based in the firm’s Bolton office have moved into Pannones’ premises, but for the time being the Manchester office will remain separate. The two buildings are conveniently located directly opposite each other. A total of 23 staff will join the firm.
At the same time, Pannones has taken another three floors in its building to accommodate future growth.
The firm has carried out a number of lateral hires this year, including most recently the appointment of Hammonds’ employment partner Ian Tranter.