McGrigors and Pinsent Masons have agreed to merge following a partner vote that closed on Friday, 3 February.
The combined firm will operate as Pinsent Masons, as first reported in The Lawyer on 2 February.
The £282m firm will have over 2,500 staff, including 1,500 lawyers, across offices in the UK, Asia and the Middle East.
In a statement, Pinsent Masons senior partner Chris Mullen said: “We’ve been very encouraged by the strong support from among our clients and the resoundingly positive reception to the merger proposal by our partners. Each firm has great respect for the other’s reputation and culture and recognises that we have a common heritage of quality coupled with ambitious plans to grow our capabilities even further. We believe this is the best way to deliver an even better offering to our UK and international clients who demand both a broad range of high quality services and excellent value. We’re really looking forward to joining up and getting on with our plans together.”
Richard Masters, managing partner of McGrigors, added: “This deal is great news for clients of both firms and we are delighted to be merging with Pinsent Masons. The merger is the result of a strong cultural and operational fit, with clients from both firms being major UK and international players. We believe that the new firm will provide a solid platform for growth, allowing us to become a clear market-leader in strategically key sectors.”
News of the merger discussions between the two firms was first reported on 19 January (19 January 2012).
Readers' comments (3)
Anonymous | 6-Feb-2012 2:18 pm
The combined firm will still be very sub-scale, but in a considerably better position than McGrigors and Pinsent Masons were on their own.
More mergers will inevitably follow.
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Anonymous | 6-Feb-2012 2:38 pm
No doubt redundancies will follow.
I'm sure bank pressure played a role in this. Dont they have the same banks?
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Anonymous | 6-Feb-2012 6:44 pm
at least I admit I have nothing better to do than browse the internet today, what excuse does the last heavy hitter have taking time off from advising on huge deals to talk about something he/she knows nothing about? oh, you're not very busy either... photocopier broken??
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