DWF honours Cobbetts training contracts

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  • Well done DWF. A real knight in shining armour.

    My perception of this firm has greatly increased during the handling of the Cobbetts crisis.

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  • Law firms showing a real lack of business acumen. There is a recession, greater price competition between mid market law firms and increased volatility within the legal market. This is not the time to be expanding. This "deal" may ruin DWF further down the line. It will be interesting to see if there is enough work for this new entity.

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  • @Michael Morris. Would you care to substantiate that observation? The Cobbetts deal (plus others recently completed) gives DWF circa £150m of turnover, which puts it in or around the top 20 UK firms by revenue. Is that "mid market"? And actually according to virtually all commentators, the economic circumstances which you describe mean that this definitly IS the time to be merging and consolidating. Cobbetts had turnover of circa £40m and PEP of over £300k. It had debt and cashflow issues which this "deal" has sorted. It's a cracking deal for DWF.

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