Slater & Gordon, the first publicly-listed firm in Australia, today told the Australian Securities Exchange it would acquire Pannone’s consumer business for £33m. That will give Irwin Mitchell something to think about in Manchester, where the firm has just lost a team of 30, including six partners, to TLT.
It isn’t the only firm losing chunky teams to rival outfits. DAC Beachcroft and Berrymans Lace Mawer picked up Morgan Cole’s volume claims and catastrophic insurance teams just a few weeks ago. The move now looks like a precursor to Morgan Cole’s discussions about a merger with Blake Lapthorn and Boyes Turner.
The tectonic plates of the legal consumer sector are shifting; how long will it be before we see the fault lines?
Also on TheLawyer.com:
- Newly elected managing partner of Clifford Chance, Matthew Layton, won his mandate after pledging to look at whether to reduce management committee membership from 16 to nine
- Litigators could see a rush of professional negligence claims against the sectorfollowing the Court of Appeal decision to penalise those that fail to comply with court directions, leading lawyers have warned
- Siemens general counsel Peter Solmssen is to leave the group next month as the top legal job is axed from the management board