Revealed: McGrigors and Pinsent Masons moot £282m merger  

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  • Any firm teetering around the UK top 60-70 will probably be in the top 50 by the end of 2012, purely by virtue of the 'merger-mania'.

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  • A merger thats completely sensible and a little bit predictable. Good luck to them.

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  • Has Pinsents even properly sorted itself out from its last merger?? Still could do with trimming the fat.

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  • A pretty sensible move.
    Gaining sufficient scale is becoming imperative, and 'sufficient' is rapidly going to mean a £1 billion + turnover and the resources and platform to participate in international consolidation.

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  • Interesting move. McGrigors has really come a long way in the last few years and has left Dundas, Maclays and ShepWed behind. It's profitability may not be great but it's shown itself to be able to adapt and has done it early enough in the curve to look first mover-ish. What's the combined firm going to be called though? Pinsent McGrigors? McPinsents?

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  • So why does Richard look so unhappy in the picture?
    I feel like I should 'talk him down'.

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  • I fear for the "squeezed middle" fee earners, the ones least likely to benefit from the birth of this Super-firm and most likely to end up cast into the legal wilderness.

    The other big four Scottish firms had better line up a dance partner then or they're just going to be completely dwarfed in terms of size and service offered compared to McPinsents.

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  • I do not see the logic in this move. McGrigors do not have the critical mass in London or abroad that would attract Pinsent Masons or stellar practices that would be of interest. Surely Pinsent Masons would be better consolidating in London with a quality outfit like LG or Stephenson Harewood. The only logical explanation is that legacy Masons partners are looking for more construction/projects lawyers. Why is anyones guess.

    Maybe there is something we are missing here? Are Pinsent Masons in trouble?

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  • It could be called Bigger McGrigors

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  • McGrigors was a good firm with quality lawyers and strong HBOS and RBS connections. That wont do them that much good today in real income terms. Pinsent Masons scrubs along outside the top ten uk firms. It does little that distinguishes it, but seems to bob along ok. How does this merger change anything in a positive sense for its partners? Bigger aint always beautiful!

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  • excellent journalism yet again (not) by the Lawyer quoting a "former" PM partner with all this knowledge of McG (who have posted strong results) and what PM's strategy should be, we all know who the "former" partner is. Any chance the Lawyer reports could deal in fact instead of trying to give credibility to a disgruntled ex partner?? it's like reading the Sun

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  • Let not be fooled, this is not a merger it's a takeover. Why is the word take over so hard to use these days? Well put it this way if the 'merger' does happen the new firm will be called 'Pinsent Masons'.
    Both firms have been helped through the tough economic problems in recent years by dedicated staff, now I fear a chunk of these dedicated staff that were happy to help in difficult times will now loose there jobs so the pockets of the big wigs will be filled even more by this 'merger'

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  • Perhaps the last poster, who purports to be an insider, can actually explain what the strategy is ? Most of the other comments on this article raise the same question; what does this merger add to Pinsent Masons other than more lawyers in Scotland ?

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  • McGrigors are now seeking shelter in a bigger firm. I bet he L'Estrange partners are wondering what they have done selling up and losing any control of their own destiny

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  • Seems like a good idea to me. Critical mass is increasingly important hence the number of recent mergers.
    McG's is a good firm, especially its tax and construction practices and should prove a good fit with PM's.

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  • As a fee earner not involved in the discussions I can only speculate, but if we join McGrigors the joint firm would become the largest in a few sectors across the UK. They have recently opened an office in Doha and we are in the middle east, it gives us a bigger international base. I really can see the merger being succesful, but I do think the timing is bad, as it is only for sheer greed of the big wigs this will happen. It's hard to see anyone loose ther job, and there will be a few no doubt, but during this difficult time when not many jobs are available it's a sign of neglect from PM and McG if it goes through

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  • Well I have to say that "Pinsent McGregors" has a definite ring to it.
    Far better than Pinsent Masons, which has a horrible flat thudding sound,
    And surely by now the Masons name is of no benefit, as the only people who remember them are ancient old fogeys like me. So dump it and replace it with the vibrant, throbbing McGrigors of the Glen, Braveheart all over again.

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  • you only have to look at McGrigors humungous overdraft to see what's in this for them - peace from a very unhappy bank. But despite that McGs still has some great clients and people and it's probably a good move for Pinsents to strengthen their Scottish end. McGrigors will get swallowed up though and no mistake and it will be a culture shock for many of the Scots in McGs.

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  • yes McG do have some great clients and people, let's hope they have the sense to get the right people bought into the process to avoid a disastrous transition

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