Weightmans merger ‘can’t be ruled out’
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Weightmans will moot the possibility of a merger at its next partner meeting, which takes place in November.
The Liverpool-based firm’s turnover grew by 4 per cent this year to £52m, but managing partner Paddy Gaul has stated that the firm should target 8 per cent growth this year.
Strategic areas for expansion may include healthcare and insurance. Gaul said that all options, including a merger, would be considered. However, he emphasised that personally he would view any tie-up with ”caution”.
“Mergers can’t be ruled out, but I’m very cautious about it,” he said. “Quite a few of the results that were not very good [last year] were put down to mergers. It involves dealing with a lot of new people, people who might want to leave and with finance and technology. And it would be my job [to manage it].”
