Mincoff Jacksons to de-merge a year after forming
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Newcastle firm Mincoff Jacksons is to split into individual firms, exactly a year after Mincoffs and Jacksons merged.
Last June The Lawyer reported that the two North-East firms were to merge on 1 October 2008, creating a new regional player with a combined turnover of around £8m (18 June 2008).
In a statement today the merged firm confirmed that it will cease operating as Mincoff Jacksons and revert back to the original partnerships, Mincoffs and Jacksons.
Neither firm was immediately available for comment, but in the statement Mincoff Jacksons’ managing partner Nigel Kidwell said the Tees Valley and Newcastle offices of the merged firm had been affected by the economic downturn “in different and unforeseen ways, changing the aspirations of each party over the course of the last year”.
Both sets of partners agreed that it was in the best interests of both parties, their staff and their clients to move forward as separate businesses, Kidwell added.
Readers' comments (1)
Anonymous | 1-Oct-2009 4:11 pm
I'm not surprised that Newcastle firms have suffered disproportionately; they were vastly over partnered before the market began to stall.
I moved to the corporate department of a leading Newcastle firm from a top 10 law firm.
I was staggered to find that the Newcastle firm's corporate department had just over 3 times more partners than my previous firm. However it did less than 30% of the work of my previous firm (by deal value).
This inefficiency was mirrored by the working practices of the firm which were more 1970s than 21st century. I left as soon as I could.
I'm not surprised by the Mincoffs Jacksons split. There have been mutterings for months.
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