Latest Briefings

Employee ownership: getting the best from your trustees

When a business chooses to transition to employee ownership (EO), a trust must be established for the benefit of the employees of the company. The trust becomes the legal owner of the company shares, and the trustees are appointed to the board of that trust. Their role is to protect the interests of the employees as shareholders.

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Penningtons Manches bags “Goldilocks merger” with Thomas Cooper

Penningtons Manches is to merge with London shipping specialist Thomas Cooper to create a £90m firm, the latest development in ongoing mid-tier consolidation. The merger is due to go live on 31 June and the combined firm will be known as Penningtons Manches Cooper. Thomas Cooper managing partner Tim Kelleher will join the management board […]

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Penningtons enters Birmingham with Pinsents hire

Penningtons Manches, which last year made it into the top 50 law firms of The Lawyer UK 200, is to set up shop in Birmingham, joining the likes of Squire Patton Boggs, Gowling WLG and Fieldfisher. The firm’s new Birmingham office will be led by real estate partner Joel Kordan, who leaves Pinsent Masons’ partnership […]

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Penningtons’ debt rocketed by 129 per cent in year of Manches takeover

Penningtons more than doubled its debt in the year it took over cash-strapped Manches, with a number of its partners giving personal guarantees that the loans would be repaid. LLP accounts filed with Companies House this week reveal that the firm’s short-term debt went from £5.9m at the end of 2012/13 to £13.5m at the […]

Penningtons Manches joins the race to the Golden Gate Bridge

Penningtons Manches has announced the opening of its first non-UK office today, choosing San Francisco as the perfect place to boost its cross-border M&A practice. Corporate and technology partner James Klein and IP/IT partner Hamish Corner will lead the team in the new office, which will focus on technology. Penningtons Manches may recognise some familiar […]

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