The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
The merger would create a 40-partner firm with a turnover of around £16m, placing it at the lower end of The Lawyer UK 100.
MAB has been actively seeking a deal to give it a London presence for several months. A merger with Goodman Derrick would not only give it a home in the capital, it would also hand it a major client in the shape of ITV Network, for which the London firm has acted since its inception.
Goodman Derrick managing partner Richard Gerstein confirmed that the two firms were in talks, but said that they were still in “the very initial stages”.
Late last year Goodman Derrick expanded with the hire of property partners Simon Mapstone, Simon Catt and Guy Martin, all from boutique Berger Oliver & Co. Paul McAndrews, a Berger Oliver litigation partner, became a consultant.
According to consultant Alan Hodgart, the next 12 months will see a succession of copycat mergers among smaller firms. “Several firms at that end of the market are facing increasing pressure to do a deal as clients look to larger firms for services across the board,” he said.