Shakespeares, Needhams merge to create £24m Birmingham giant

  • Print
  • Comments (16)

Readers' comments (16)

  • Giant? £24M is barely in the top 100...I am sure the Magic Circle are awake at nights! the market is trashed and so called mergers are really troubled firms clinging together. Expect more in short order.

    Unsuitable or offensive? Report this comment

  • Love the photo!

    Unsuitable or offensive? Report this comment

  • The merger can be likened to a SEED that has been planted on fertile and blossoming soil and as they water it with their talents, gifts and expertise the firm will harvest commensurate profits.

    Good luck to their endeavours.

    Unsuitable or offensive? Report this comment

  • 56 partners divided into a turnover of £24M is way too many, expect some immediate cuts here

    Unsuitable or offensive? Report this comment

  • Let's do the maths for this so called giant - £24m of fees - 56 partners = £430k revenue per partner. Be genereous 1/3rd staff cost, 1/3rd overhead, 1/3rd profit = £140k profit per partner. Sounds like one or both of the firms were in trouble - let's wait for the fall out.

    Unsuitable or offensive? Report this comment

  • Agree with the first poster. '£24m' and 'giant' should not really be in the same headline.

    It's not terribly important, but the same misnomer was used in The Lawyer when Shakespeares and Putsmans merged in 2006 (although it was 'Brum giant' rather than 'Birmingham giant').

    Who is hardest at work here; Paul Wilson's PR team or his ego?

    Unsuitable or offensive? Report this comment

  • The usual barbed comments above...

    These firms recognise how quickly the legal market is changing and want to be one of the survivors. Of course there will be some post-merger adjustments, this is all part of having a plan for the future.

    Smaller firms are taking smart steps too. Have a look at the resources on websites such as Andrew Jackson, or Shulmans.

    Rory MccGwire, www.lawdonut.co.uk

    Unsuitable or offensive? Report this comment

  • @anonymous 9:42am, I think the headline is amusing but on reflection it's pretty accurate as a £24m firm is a big deal in the regions. Not everyone is Clifford Chance!

    Unsuitable or offensive? Report this comment

  • britomart | 9-Jun-2010 10:06 am

    In fact, not even Clifford Chance are Clifford Chance any more...

    Unsuitable or offensive? Report this comment

  • Not everyone is Clifford Chance ...

    But £24m isn't even a part of Wragges or the Eversheds Birmingham office.

    'Needham & James continues to be the brand name in Stafford' - then bets are that's the first to go.

    Unsuitable or offensive? Report this comment

View results 10 per page | 20 per page

Have your say

Mandatory Required Fields

Mandatory

Comments that are in breach or potential breach of our terms and conditions in particular clause 8, may not be published or, if published, may subsequently be taken down. In addition we may remove any comment where a complaint is made in respect of it. These actions are at our sole discretion.

  • Print
  • Comments (16)