The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
Kennedys’ merger with Scottish firm Simpson & Marwick has been delayed because “aspects of the merger could not be finalised within the ambitious timetable”, according to a statement today.
Kennedys confirmed it was to merge with Simpson & Marwick in August, with the union planned to launch on 1 November (30 August 2013).
Kennedys’ senior partner Nick Thomas said: “Since announcing our merger, the two firms have been working increasingly closely together. There is a huge amount of goodwill between the two firms and we remain confident of being able to conclude matters shortly.”
Thomas was unable to confirm a new deadline for the merger but insisted “were are going to do this”.
Simpson & Marwick managing partner Peter Anderson said: “As this is a true merger, considerable efforts are being made on both sides to respect differing practice and business arrangements. We imposed on ourselves a tight timetable and we have not been able to resolve all the merger details by our proposed date. However, we continue to work on this and will make a further announcement as soon as possible.”
Talks have been ongoing between the firms since last year, when Kennedys first mooted its desire to find a foothold in Scotland (21 November 2012). Scottish regulations still do not allow non-lawyer partners and part of the delay is believed to have been down to Kennedys being an legal disciplinary practice (LDP) with three non-lawyer partners.
Kennedys recorded a 9 per cent increase in turnover from £109m to £117m for 2012/13 (26 June 2013) which does not include a £10m boost to turnover from Kennedys’ last merger with aviation practice Gates & Partners in June (31 May 2013).