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Bircham Dyson Bell and Pitmans to vote on £50 million tie-up

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London player and Thames Valley outfit confirm ‘exploratory merger discussions’

London City Bircham Dyson Bell

London law firm Bircham Dyson Bell (BDB) and Thames Valley outfit Pitmans are in talks over a possible merger.

In a joint statement issued this morning, the duo revealed they were holding “exploratory merger discussions” that, if successful, would create a new 80 partner outfit with over 400 staff and a combined turnover of £50 million. A formal vote with partners will take place on 27 September.

The announcement said that there are a number of “obvious synergies” between the two firms including “sector focus, culture and geography.” It continued:

“We have decided to make this announcement now so that we can be transparent with our staff and clients throughout the process. As the discussions progress we will make further announcements.”

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So what do you need to know about the two firms?

The much larger of the two, BDB is headquartered in London and dishes out around five training contracts each year. It covers a broad range of practice areas including banking, commercial, public law and family. For the 2017/18 financial year, BDB posted a turnover of £33.7 million and profit per equity partner (PEP) of £224,000. BDB expanded out of the capital for the first time last year after snapping up King & Wood Mallesons’ real estate team in Cambridge.

Meanwhile, Pitmans takes on around eight trainees each year and has offices in Reading, London and Southampton. Its latest set of financials show a turnover of £18.8 million and PEP of £250,000. The firm, which swallowed up London-based Calvert Solicitors in 2015, handles work including commercial, property and employment.

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19 Comments

Anonymous

Dyson are hoovering up the competition I see.

(30)(1)

Anonymous

We don’t need to know anything about the two firms.

(1)(2)

Anonymous

£50 million also referred to as 17PQE salary at KE.

(22)(0)

Pat Bateman

Someone get me my broker – I’m about to execute the world’s largest short.

(17)(0)

Anonymous

Hi Mike.

(2)(1)

HR

We’re monitoring you anonymous 14:19.

(2)(1)

HR

We’re monitoring you Anon 2:19pm.

(0)(0)

Anonymous

Which is it? Anon or anonymous?

(0)(0)

Anton

It’s not me!

(1)(0)

Anonymous

This merger > A&O’Melveny merger

(6)(0)

Anonymous

So a couple who are both NQs at us firms earn more than a sole breadwinner BDB partner?

(6)(0)

Random passer-by

An international arbitration nq at a top US firm in the City earns comfortably more than the legal advisor at the FCO. I know which job I will rather have. Chasing cash as a junior is a mugs game.

(5)(0)

Anonymous

How is it a mugs game? Best work, best dolla, best prospects.

(2)(1)

Anonymous

why don’t we tax stupidity of internet posts? Doing this with yours we would:

– give a raise to all the UK teachers
– leave you so penniless you could not afford food – therefore finally trying socialism

win-win

(4)(0)

Anonymous

Who?

(1)(0)

Anonymous

Doctor Who

(0)(0)

Anonymous

It’s “The Doctor”, actually.

(0)(0)

Anonymous

“For the 2017/18 financial year, BDB posted a turnover of £33.7 million and profit per equity partner (PEP) of £224,000”

I want to see proper socialism in the UK

Tax this greed to hell and back

Use this greed to pay for the NHS

VOTE CORBYN!

(0)(3)

Anonymous

No, thanks.

(3)(0)

Comments are closed.

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