The division of Pannone moved a step closer today after partners showed support for plans to merge the consumer practice with Slater & Gordon. Yes, you read that right, as The Lawyer revealed last week the Manchester firm is about to do the deed with the Aussie giant.
Both sides are keeping schtum on this one, but you can get the inside track by reading our blog. Sources tell us that Pannone secured more than the 75 per cent needed to get the sale through, although some pockets of the Manchester-headquartered firm remain opposed to any division of the firm.
These are sensitive discussions and Pannone managing partner Emma Holt will need to get the backing of those big-name partners to ensure that the merger doesn’t fall apart as soon as it’s completed.
As for the commercial side of the firm, which accounts for around £8.5m of the overall £45.6m turnover, plans are in place for the rapid development of a new venture, while Connect2Law, currently under the wing of a certain ex-Barlow Lyde & Gilbert chief executive, will be left to its own devices.
No longer will it be the one Pannone.
Also on TheLawyer.com:
- DLA Piper, CMS Cameron McKenna and Freshfields Bruckhaus Deringer are among the firms to have been appointed to AIG’s new-look EMEA legal panel.
- Truro-headquartered Follett Stock has been served with a winding-up petition by HM Revenue & Customs (HMRC) after failing to pay an outstanding tax bill.
- Ashurst partners have voted on the full financial integration between Ashurst and Ashurst Australia and the outcome will be revealed this afternoon. Get up to speed with this fast-moving story by reading our blog: Election Fever