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DWF recovers from shelved Cobbetts talks with Biggart Baillie deal

This is a definite win for Biggarts, who most people would probably have expected to be left behind in the "decent" merger activity, leaving them struggling in the medium term without a good merger. They have done well to make a jump on their Scottish mid market competitors with what looks like a meaningful merger giving genuine UK presence. Some of the other mid market firms have only made what would essentially be bolt on acquisitions which won't really change their prospects (e.g. Tods Murray). The name of the game now for Scottish firms is UK-wide offerings with scale, as there are going to be growing numbers of merged firms covering the UK from John O Groats to Lands End. Burness, Morton Fraser, Macroberts et al will need to move fast.

8-Jun-2012

11:25 am