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.
Thames Valley firm Morgan Cole has taken over Bristol-based insurance boutique CIP Solicitors, which has four partners and 75 staff.
The acquisition will strengthen Morgan Cole’s insurance capacity to around 30 per cent of the firm’s turnover and quadruple the size of its Bristol office.
CIP partner Richard Ottley said: “Our clients are predominantly insurers [but] they also want to work with us on different types of work. We’re broadening our skills base. There’s quite a bit of consolidation going on and insurers are going for smaller panels.”
He added that both Morgan Cole and CIP are on the panels of the insurers Axa and NFU Mutual.
Morgan Cole and CIP’s combined headcount will be around 570 staff, with 57 partners. Morgan Cole commercial director Tim Pashley said the combined firm would be budgeting for a turnover of between £36m and £37m in 2009-10.
In 2007-08 Morgan Cole billed fees of £32.1m, with offices in Bristol, Reading, Oxford, ;Cardiff ;and Swansea.