Partner Article

DWF eye struggling Cobbetts

Business law firm DWF are eyeing Cobbetts LLP as they face administration.

The news follows unsuccessful merger talks between the two firms almost exactly a year ago.

Poorer than anticipated trading in November and December last year caused the firm to review its financial position and subsequently obtain interim statutory moratorium to enable a sale of the business and its assets.

A statement from DWF suggested Cobbetts recognised the deal would secure the best outcome for creditors, members, people and clients.

Managing Partner and CEO of DWF, Andrew Leaitherland, commented: “DWF’s plans to grow, in a strategic, targeted way have been clearly set out and this move supports that goal. I am confident that the merging of the two firms would bring genuine benefits to both and, importantly, the joint client base.

“There are many synergies between the two firms in terms of the sectors in which we operate and this collaboration will further strengthen our existing business. I am very much looking forward to welcoming the new team to DWF.

“The legal industry as a whole has faced significant challenges. We will do all we can to make the integration as smooth as possible, however, as you’d expect in a move of this size, there are some areas of overlap and we may have to displace people or find them alternative roles. We will work hard to support all those involved.”

If a deal is approved, Cobbetts staff will be transferred across in the next 7 days.

This was posted in Bdaily's Members' News section by Tom Keighley .