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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.
Mills & Reeve and Manchester firm George Davies are understood to have held tie-up talks, with both firms separately confirming that they are considering mergers.
According to a Manchester market source, Mills & Reeve and George Davies are exploring a merger. It is not clear what stage the talks have reached, however.
Neither firm would comment specifically on merger talks, but George Davies managing partner Mark Hovell told The Lawyer: “The firm is considering consolidating. We’ve got to look at it as part of our strategy and, in general terms, we’re open to those ideas.”
Mills & Reeve managing partner Guy Hinchley, meanwhile, told The Lawyer that, in light of the rash of merger activity in the legal market, Mills & Reeve was also “evaluating its opportunities” in relation to a tie-up, but would not comment specifically on talks until they had reached a more certain stage.
Towards the end of 2012, Mills & Reeve launched a Leeds real estate practice after hiring a partner from DAC Beachcroft (22 October 2012). In August 2012 the firm set up a paralegal support centre in Norwich in a bid to boost profits (1 August 2012). Turnover at the 95-partner firm in 2011/12 was £69.4m, while average profit per equity partner was £326,000. Mills & Reeve has six offices across the UK, including one each in London and Manchester.
George Davies’ turnover in 2011/12 was £7.3m. The firm is full service and has one of the largest private client practices in the North West.