Veale Wasbrough in merger talks with Hewitsons

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  • Two good regional firms - sounds like a good move.

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  • Although this merger makes perfect sense, I would hardly call a firm with a turnover of £34 million a "powerhouse".

    They need to be aiming for revenues at least 10 times greater than that to stand a reasonable chance of survival medium term.

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  • its a very tough market - can see many more of these kind of mergers ahead - next - redundancy review - job losses due to duplication and an increased PEP ?

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  • A good cultural fit in theory, and pre-VW merger with Vizards, both VW and Hewitsons were a similar size.

    Whilst the merger is still not definite, firms of this nature need to club together, steal a march on their smaller rivals and attempt to generate enough mass to provide a viable, attractive and cheaper alternative to the largest UK firms. Those who stand still will get left behind.

    As stated above, even if the two firms do merge, the merged firm would still have a lot of growing to do.

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  • Where did the term "national powerhouse" originate from? Neither Managing Partner came out with this.

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  • Not so sure it is such a great move for Hewitsons

    One must ask how many of the original Vizards staff are still at the merged firm and why a firm such as Vizards who had a turnover of circa £4m prior to the merger have only increased the merged firms turnover by the reported 4.4%

    Hewitsons seem, on the face of it, to have a much higher per person earning than VWV but VWV will be the dominant partner -Hewitsons should, in my view, think very carefullly before this merger.

    In particular anyone with a client following should be very concerned that is unless they wish to surrender all their hard work in obtaining the same to the new merged firm

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