McGrigors is set to lose its brand if its merger with Pinsent Masons goes ahead, according to sources close to the firms.
According to the same sources, McGrigors partners are scheduled to vote on the merger tomorrow (3 February).
The Lawyer first revealed that McGrigors and Pinsent Masons were in merger talks in January (19 January 2012). The deal would create a £282.5m firm – the 12th largest in the UK by turnover.
In a joint statement, the firms said: “Both firms complement each other well, being leaders in the field of construction, energy and infrastructure. A potential tie-up would greatly benefit the clients of both firms, providing a wealth of market-leading expertise across a number of sectors and practice areas.
“It would also provide a strong platform upon which to grow internationally, with a continued focus in Europe, the Gulf and Asia Pacific.
Readers' comments (10)
Anonymous | 2-Feb-2012 8:57 pm
Bye bye McGrigors..... all that money spent on the expensive re-branding 2 years ago. What a waste. I suspect there are some unhappy people in senior positions at McGrigors. Their "heads" of this and that will now have to play second fiddle to a better calibre of lawyer after the take over. Good luck Pinsents. Hard luck McGrigors. Failure is a terrible thing but I am sure you are used to it by now.
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Anonymous | 3-Feb-2012 11:13 am
Anonymous | 2-Feb-2012 8:57 pm
Failure is not a terrible thing if you learn from it. Anyone who has made it big in business has failed at some point as if you are truly to achieve success, you have to take risks. Sometimes risks don't pay off and end in failure that's the game.
"Success is the ability to go from one failure to another with no loss of enthusiasm." Sir Winston Churchill
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Happy Hippo | 3-Feb-2012 1:03 pm
After reading anon @ 8.57 - McG sounds like a scottish version of Barlow Slyde!
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Anon | 3-Feb-2012 1:43 pm
The combined firm is likely to be involved in many further mergers and this is an entirely pragmatic move which will save costs.
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Anonymous | 3-Feb-2012 1:47 pm
Who says anyone has failed. They are both top law firms.
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Anonymous | 3-Feb-2012 3:12 pm
annon at 1.47pm - if McGrigors had succeeded, they would not be giving up their name, brand etc. At the very least I would have expected it to be part of the new merged firm. The fact that it isn't, and the fact McGrigors are willing to give it up, says that the firm has failed.
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Anonymous | 3-Feb-2012 6:21 pm
McGrigors partners: A word to the wise - if you merge and lose your name its basically a takeover.
Be sceptical about the revenue figures given to the you by the otherside.
What follows is a clear out. Speak to BLG partners.
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NM123 | 5-Feb-2012 8:04 pm
It is nonsense to say that McGrigors has 'failed'. They are an excellent firm with some outstanding lawyers, particularly (in my experience) in energy and infrastructure.
What they lack is critical mass in London. This merger is a strategic move, NOT an admission of failure.
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Anonymous | 5-Feb-2012 8:53 pm
The dropping of McGrigors brand name does not signify failure. It's more about the practical reality that a) Pinsent Masons is a bigger brand name internationally which is what the merger is all about; b) Pinsents is 3x the size in terms of revenue and c) re-branding the two firms' large number of combined offices with a new name, e.g. Pinsent Masons-McGrigors, would have been a rather costly process.
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Anonymous | 7-Feb-2012 1:37 pm
At least Barlow Lyde and Gilbert kept the 'lyde' bit.
McGrigors don't even get the key to the executive washroom.
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