The clinking of champagne glasses is likely to resonate around the City tonight, as four newly merged firms celebrate formal tie-ups.
The new financial year welcomes the newly combined Berrymans Lace Mawer and HBM Sayers, a move that coincides with the old brands being dropped in favour of BLM and the introduction of a new executive board.
Today also sees the launch of Wragge Lawrence Graham & Co, a combination that will see an unspecified number of former Lawrence Graham partners join the equity at the new outfit. With just two board positions going to LG partners, it’s clear who has the upper hand in this relationship.
CMS Cameron McKenna and Dundas & Wilson have been working on pooling their resources since last July, voting yes to the merger in December. After confirming a raft of redundancies yesterday, today the hard work begins as partners at both firms scramble for key client relationships.
And consolidation in the West End continues, with HowardKennedyFsi bolting on CKFT.
Let the integration games begin.
Also on The Lawyer:
- Linklaters and Freshfields have named new department heads in the City today
- Simmons & Simmons has made up eight to its partnership, with 50 per cent of the new partners based in London
- Slaughter and May has increased its trainee and associate remuneration for the second time in two years